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On July 5, the press office of the Russian Federal Investigative Committee said that a year ago, a Russian Il-76 transport plane carrying Ukrainian prisoners of war crashed. It was found that the person who ordered the destruction was Nikolay Jarman, commander of the Ukrainian missile brigade. The department said that it has announced an international wanted notice for him.Gaza Humanitarian Foundation: The injured American is in stable condition and is receiving medical treatment. The injuries are not life-threatening. Preliminary information indicates that two attackers threw two grenades at American aid workers.According to AFP, citing official sources, Israel has not yet decided on Hamas response to the ceasefire proposal.July 5th, on Saturday, OPEC+ agreed to increase daily production by 548,000 barrels in August, further accelerating production increases. OPEC+ approved a monthly production increase of 411,000 barrels per day in May, June and July, and 138,000 barrels per day in April. Sources said that some member countries (such as Kazakhstan and Iraq) over-target production angered other member countries that insisted on production cuts. Sources said that OPEC+ hopes to expand its market share amid the increasing supply of competitors such as the United States. With the increase in production in August, the production released by OPEC+ since April will reach 1.918 million barrels per day, and only 280,000 barrels per day of the voluntary reduction of 2.2 million barrels per day have not yet been restored. The organization is still implementing other production cuts totaling 3.66 million barrels per day. The next OPEC+ meeting will be held on August 3.On July 5, Romanian Prime Minister Ilie Bologan said in an interview with the media that the recent claims that Romania might send troops to Ukraine are unfounded and Romania will not consider military intervention in the Russian-Ukrainian conflict under any circumstances. However, Bologan also pointed out that Romania will continue to gradually increase its military budget to meet NATOs requirements and be consistent with the EUs broader militarization agenda.

AUD/USD Price Analysis: Bears Struggle with 100-SMA Support Below 0.7000

Daniel Rogers

May 19, 2022 09:57

AUD/USD sellers hit critical short-term support around 0.6960 as traders attempt to reduce the largest daily loss in a week ahead of Australia's important employment report on Thursday.

 

Nevertheless, the AUD/USD pair is currently trading at a confluence of the 100-HMA and a weekly rising trend line at 0.6960.

 

In light of the bearish MACD indications and the lack of a rebound from the aforementioned support line, AUD/USD sellers are expected to maintain control.

 

For the bear to return, however, a convincing downside breach of the 0.6960 support confluence is required. The focus will then go to the 0.6900 mark and the monthly low near 0.6830.

 

Until the AUD/USD crosses a two-week-long horizontal resistance zone between 0.7040 and 0.7060, a rebound will remain elusive.

 

In the event that AUD/USD goes over 0.7060, several May highs near 0.7135-40 may provide support for bulls. 

AUD/USD: Chart Hourly

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