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After a brief hiatus, the Australian Dollar has resumed its upward march against the Dollar; its next milestone will be a 25-year high against the Greenback. Of course, its continued strength is due to a combination of high domestic interest rates and high commodity prices. In fact, its performance seems to mirror the price of gold, which is no coincidence since gold may be Australia's most valuable export. In addition, gold has value as a monetary instrument, which means an appreciation in gold can give the Australian Dollar a double-boost by lifting it while simultaneously punishing the US Dollar. With regard its domestic monetary policy, Australian inflation recently passed the 4% mark, which means interest rates (already at 7.25%) are likely to stay high for a while. The countdown to parity continues, reports Bloomberg News:

The local dollar rose to its highest since 2000 against the New Zealand currency before an inflation report tomorrow that may support the case for the Reserve Bank of Australia keeping interest rates at a 12-year high.

Read More: Australian Dollar Trades Near 25-Year High as Commodities Rally

  Several words about the EUR/USD future. Resistance (daily close) :  1.4692 and 1.4884. Then 1.5117, 1.5386, 1.5592 and 1.5660. Break of the letter will lead to 1.5865, 1.7280 and 1.9430. Support (daily close) : : 1.4366 , 1.3972, 1.3770 and 1.3567. Then 1.3411, 1.3263, 1.3106 and  1.2964 (published on  07.11.2007) . Dow Jones : Resistance(daily close) : 11 520.30, 11 970.00 , 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Then 13 567.60, 13 668.74 ? 13 792.53.

Dow Jones : Resistance(daily close) : 11 520.30, 11 970.00 , 12 152.82, 12 600.24, 12 982.20, 13 162.50 and 13 320.00. Then 13 567.60, 13 668.74 ? 13 792.53.   Break of the latter will lead to 13 972.50, 14 045.62, 14 124.38 and 14 225.63 ( published on July 14 , 2008). Support (daily close): 11 036.25 , 10 980.00, 10 930.78, 10 800.00 and 10 718.45. Then 10 535.60, 10 428.80, 10 313.44, 10 125.00 and 10 046.30. Break of the latter will lead to 9990.00, 9911.25, 9722.70, 9360.11,

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. Bias: Watch resistance at 107.68 - only breach extends to 108.73 else below 107.00 sees 106.04 at least

- Forex: The USD was little changed in Asia, with the USD/JPY closing the New York session above its 200day MA for the first time this year. Traders say they expect the pair to remain firm, but are also bracing for selling by Japanese exporters at these levels. Aussie traders say they continue to see negative USD flows through Brokertec, suggesting that dealers are getting well short ahead of the upcoming U.S. Treasury auctions. The NZD/USD looked heavy throughout the Asian session, with