Technical Analysis Of The DAX 40, AUD/USD And Copper Price As They Continue Their Swift Advances.

(MENAFN- DailyFX (IG)) ​DAX 40 remains bid

​The DAX 40 is trying to overcome its 200-day simple moving average (SMA) and last week's high at 24,104-to-24,164, a rise above which would probably engage the late January-to-early February lows at 24,266-to-24,273. Further up lies the early March high at 24,366.

​Short-term outlook: bullish while above the 13 April 23,482 low

​Medium-term outlook: bullish while above the 2 April low at 22,678

​DAX40 daily candlestick chart ​Source: TradingView AUD/USD trades at levels last seen in June 2022

AUD/USD's ​ sharp advance from its late March $0.6834 low has so far taken it to $0.7197, a 3 3/4 year high. If bettered, the 7 February 2022 peak at $0.7249 may be reached next.

​Support may be found in the $0.7150-to-$0.7129 area.

​Short-term outlook: bullish while above the 13 April $0.6988 low

​Medium-term outlook: bullish while above the 30 March low at $0.6834

AUD/USD daily candlestick chart Source: TradingView ​Copper price trades in near 10-week high

​The price of copper continues to rice from its $5.2463 four-month March low and has so far hit a 10-week high at $6.1475, having strongly risen for three consecutive days.

​Above $6.1475 and the $6.1543 mid-January high beckons the January peak at $6.5828.

​Immediate support sits in the $6.1153-to-$6.0873 region.

​Short-term outlook: bullish while holding above the 12 April $5.7648 low

​Medium-term outlook: bullish while trading above the 9 April $5.6918 low

Copper daily candlestick chart Source: TradingView Important to know

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

MENAFN16042026000076011015ID1110990356