Global markets saw significant shifts on Thursday, November 12, 2026, as the DAX 40 hit a new all-time high, while the AUD/USD currency pair dropped to a 10-month low and the copper price continued its decline.
The DAX 40 surged to a record high, eyeing the 27,000 mark. Previous peaks, such as the 5 November high at 26,693 and the August highs between 26,618 and 26,573, now serve as potential support levels. The short-term outlook remains bullish as long as the index stays above the 9 November high at 26,276, while the medium-term outlook is also bullish above the 6 November low at 25,618.
Meanwhile, the AUD/USD pair fell through its March 2026 low at $0.6834, signaling further downside pressure. The next potential support levels include the early January high at $0.6766 and the 38.2% Fibonacci retracement of the 2025-to-2026 advance at $0.6755. Resistance is now seen between the March and June lows at $0.6834 to $0.6865. The short-term outlook is bullish above the 4 November low at $0.6954, while the medium-term outlook is neutral above the $0.6894 mid-October low but below the $0.7068 late October high.
The copper price remains under pressure, nearing its mid-July-to-November lows at $6.1324 to $6.1208. If this support area breaks, the next target could be the May low at $6.0806, followed by the June-to-July lows at $5.9835 to $5.8951. Resistance is spotted between the late July and September lows at $6.2206 to $6.2363. Both the short-term and medium-term outlooks for copper are bearish while below the 9 November high at $6.3439.