Today's interesting charts
Comment of the Day

June 06 2013

Commentary by Eoin Treacy

Today's interesting charts

Eoin Treacy's view US Dollar per 1 Australian Dollar – The Australian Dollar posted an upward dynamic on Monday but gave up the advance over the next two sessions. It rallied again today, this time from above the 94¢ area. However, it will need to hold an upward dynamic beyond a few days to confirm the return of demand in this area.

Gold – continues to firm in the region of $1400 in what has so far been a gradual unwinding of the short-term oversold condition. A break in the short-term progression of higher reaction lows would be required to question potential for a continued reversion upwards towards the mean.

Palladium – remains a relative strength leader and continues to hold its six-week progression of higher reaction lows. A sustained move below $740 would be required to question current scope for additional upside.

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