Monthly archive August, 2017

Key Points

• The Aussie Dollar made a downside move, but found support at 0.7887 against the US Dollar.
• There is a major bearish trend line forming with resistance near 0.7905 on the hourly chart of the AUDUSD pair.
• Recently in Read More →

Key Points

• The New Zealand Dollar declined recently towards 0.7200 against the US Dollar.
• There is a bearish trend line with resistance at 0.7230 forming on the hourly chart of NZDUSD.
• Today in New Zealand, the Trade balance for July Read More →

Crude oil bounced higher on Wednesday after data showed another drop in US crude inventories. A tropical storm heading for oil producing facilities in the Gulf of Mexico was cause for concern. Reports came in that "operators in the area Read More →

Key Points

• Gold price corrected lower recently towards $1282-80 against the US Dollar where it found support.
• There is a contracting triangle pattern with resistance at $1290 forming on the hourly chart.
• Recently in the US, the number of New Read More →