Commodity Prices

Gold •619 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,042.10	-123.40	-5.70%
WTI Crude •1 day	98.71	+2.98	+3.11%
Gasoline •1 day	3.041	+0.077	+2.59%
Ethanol •619 days	2.161	+0.000	+0.00%
Silver •619 days	30.82	+1.16	+3.92%

Silver • 619 days	30.82	+1.16	+3.92%
Copper • 619 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.14	+2.68	+2.67%
Natural Gas • 1 day	3.131	-0.102	-3.15%
Heating Oil • 1 day	4.015	+0.116	+2.97%

Headlines

1,004 days Will The ECB Continue To Hike Rates?
1,004 days Forbes: Aramco Remains Largest Company In The Middle East
1,006 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,406 days Could Crypto Overtake Traditional Investment?
1,411 days Americans Still Quitting Jobs At Record Pace
1,413 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,416 days Is The Dollar Too Strong?
1,416 days Big Tech Disappoints Investors on Earnings Calls
1,417 days Fear And Celebration On Twitter as Musk Takes The Reins
1,419 days China Is Quietly Trying To Distance Itself From Russia
1,419 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,423 days Crypto Investors Won Big In 2021
1,423 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,424 days Food Prices Are Skyrocketing As Putin’s War Persists
1,426 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,427 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,430 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,431 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,431 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,433 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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

Contact Author

AUD/USD - Targeting Resistance At 0.7517

By - Jun 08, 2016, 6:28 AM CDT

AUD/USD is pushing higher. Hourly support is located at 0.7145 (24/05/2016 low). Stronger daily support is given at 0.7110 (29/10/2016 low). Hourly resistance lies at 0.7517 (04/05/2016 high). The medium-term momentum is still bearish. Expected to further strengthen.

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.

Daily Technical Report