Commodity Prices

Gold •674 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,059.30	-3.00	-0.15%
WTI Crude •9 hours	95.42	+0.61	+0.64%
Gasoline •9 hours	3.527	+0.071	+2.05%
Ethanol •674 days	2.161	+0.000	+0.00%
Silver •674 days	30.82	+1.16	+3.92%

Silver • 674 days	30.82	+1.16	+3.92%
Copper • 674 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	101.29	+1.23	+1.23%
Natural Gas • 9 hours	2.757	-0.012	-0.43%
Heating Oil • 9 hours	3.899	+0.083	+2.16%

Headlines

1,059 days Will The ECB Continue To Hike Rates?
1,059 days Forbes: Aramco Remains Largest Company In The Middle East
1,061 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,461 days Could Crypto Overtake Traditional Investment?
1,465 days Americans Still Quitting Jobs At Record Pace
1,467 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,470 days Is The Dollar Too Strong?
1,471 days Big Tech Disappoints Investors on Earnings Calls
1,472 days Fear And Celebration On Twitter as Musk Takes The Reins
1,473 days China Is Quietly Trying To Distance Itself From Russia
1,474 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,478 days Crypto Investors Won Big In 2021
1,478 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,479 days Food Prices Are Skyrocketing As Putin’s War Persists
1,481 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,481 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,485 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,485 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,485 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,488 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Riding Uptrend Channel

By - Jul 11, 2016, 6:37 AM CDT

AUD/USD is clearly in a bullish trend. Hourly resistance at at 0.7545 (04/07/2016 high) has been broken. Hourly support is located at 0.7408 (06/07/2016 low). Stronger supports are given by the lower bound of the longer-term uptrend channel and by 0.7145 (24/05/2016 low).

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