"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,515.10 | +8.90 | +0.59% |
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Platinum •10 mins | 942.60 | +0.20 | +0.02% |
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WTI Crude •12 hours | 58.09 | -0.10 | -0.17% |
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Gasoline •12 hours | 1.647 | -0.016 | -0.97% |
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Ethanol •12 hours | 1.362 | -0.012 | -0.87% |
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Silver •10 mins | 17.85 | -0.04 | -0.20% |
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Silver • 10 mins | 17.85 | -0.04 | -0.20% | |
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Copper • 10 mins | 2.607 | -0.002 | -0.08% | |
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Brent Crude • 11 hours | 63.20 | -0.13 | -0.21% | |
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Natural Gas • 12 hours | 2.555 | -0.014 | -0.54% | |
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Heating Oil • 12 hours | 1.982 | -0.017 | -0.87% |
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AUD/USD has finally ended its rebound from support 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 consolidation.
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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