(MENAFN - DailyFX) AUDUSD, AUDJPY and AUDNZD Technical Forecast Talking Points: AUDUSD put in for a 1.1 percent advance this past week putting the benchmark market in striking distance of 2021 highs A larger structural bull trend is going through a period of congestion which awaits a clear break between 0.7820 and 0.7560 for AUDUSD AUDJPY is more highly tuned to risk trends with a new two-year high facing heavy Fib resistance while AUDNZD deals with congestion
Technical Forecast for Australian Dollar : Bullish
AUDUSD Rebound Solid but Shy of Two-Month Range Top
With risk appetite under bullish power this past week though the participation in that rally was uneven across different assets the Australian Dollar was in a good position to take advantage of the tail wind. The currency gained across most of its major crosses with AUDUSD making something significant out of a hold at the very end of the past week of the post-Pandemic recovery trendline support and 50-day mo
WTI crude oil continues to rally within channel formation May be in for a pullback/consolidation, using channel as guide Advertisement WTI crude oil remains in bullish channel
WTI crude oil is on the extended side, but remains within the confines of a well-defined channel structure that keeps it pointed higher. With that in mind, we may see a pullback develop here soon that will alleviate any short-term overbought conditions that exist, but the outlook is generally bullish.
A pullback to the lower trend-line could offer would-be longs an opportunity to enter and have a threshold from which to assess risk. Stay above the lower parallel and the current trend remains intact. Break below and a larger decline may ensue.
(1) production was 255,361 GEO
(1) including gold and silver production of 221,659 ounces and 2.59 million ounces, respectively. The strong gold production followed standout performances from Jacobina and Minera Florida, and silver production was underpinned by an exceptionally strong performance from El Peñón.
Full year GEO
(1) production of 901,155 GEO
(1), including 779,810 ounces of gold and 10.37 million ounces of silver, exceeded original guidance for the year of 890,000 GEO, and was within the plus or minus three per cent variance range of the Company s revised guidance. GEO
(1) production for the year at Jacobina, El Peñón, Canadian Malartic, and Minera Florida were all well above plan. The entire difference was attributable to further changes to COVID-19 restrictions imposed in Argentina near the end of the year which impacted production at Cerro Moro.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / February 12, 2021 / E36 CAPITAL CORP. (TSXV:ETSC.P) ("E36" or