Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
Over the short-run, however, the key price drivers will be the direction of U.S. Treasury yields and investor demand for riskier assets.
AUD/USD managed to get below the 20 EMA and is trying to settle below the support at 0.7675.
Early in the trading session on Monday we’re looking for a downside bias as long as the AUD/USD stays below the pivot at .7743.