"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,426.70 | -1.40 | -0.10% |
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Platinum •10 mins | 852.10 | +2.20 | +0.26% |
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Bitcoin •1 min | 10,997.40 | +515.24 | +4.92% |
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WTI Crude •1 day | 55.76 | +0.34 | +0.61% |
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Gasoline •1 day | 1.795 | +0.009 | +0.50% |
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Silver •10 mins | 16.20 | -0.00 | -0.02% |
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Silver • 10 mins | 16.20 | -0.00 | -0.02% | |
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Copper • 10 mins | 2.753 | +0.043 | +1.57% | |
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Ethereum • 1 min | 232.78 | +12.98 | +5.90% | |
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Brent Crude • 1 day | 62.47 | +0.54 | +0.87% | |
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Natural Gas • 1 day | 2.228 | -0.035 | -1.55% |
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AUD/USD is still bouncing back from resistance given at 0.7145 (24/05/2016 low). A short-term bullish technical structure dominates. Local support is given at 0.7331 (yesterday low). Expected to see further strengthening.
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.
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