"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 44 mins Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 2 hours China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 18 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 19 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 20 hours Google Invests $300 Million To Combat Fake News
  • 21 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 22 hours Tesla Tumbles As Investors Lose Patience
  • 23 hours Are Alt-Coins On The Verge Of A Break Out?
  • 1 day What Should Gold Investors Expect From The New Fed Chair?
  • 1 day Who Will Pay For Trump's $60 Billion China Tariffs?
  • 2 days Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
  • 2 days Trump's Trade War Nears Boiling Point
  • 2 days Will April Be A Turning Point For Precious Metals?
  • 2 days Economic Pressures Weigh On Banks And Borrowers
  • 2 days U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 3 days Gold: The Religion Of Currency
  • 4 days Economists Polarized On Trump’s Tariff Plan
Why Aren’t Millennials Investing?

Why Aren’t Millennials Investing?

After watching previous generations take…

Economists Polarized On Trump’s Tariff Plan

Economists Polarized On Trump’s Tariff Plan

Economists are polarized on Trump’s…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

AUD/USD - Bearish Retracement

AUD/USD recovery bounce is gaining strength despite ongoing bearish retracement. Resistance is located at 0.7737 (31/03/2016 high) has been broken. Hourly support is given at 0.7555 (rising trendline) then 0.7415 (16/03/2016 low). Buying pressures remains nonetheless important as long as the pair remains above 0.7415.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view. In addition, we still note that the pair is now above the 200-dma which confirms our view that buying pressures are increasing.

Daily Technical Report


Read the Report

Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter