Commodity Prices

Gold •14 mins	2,413.80	+15.80	+0.66%
Platinum •14 mins	943.80	-10.70	-1.12%
WTI Crude •2 hours	83.14	+0.41	+0.50%
Gasoline •2 hours	2.710	-0.003	-0.13%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •14 mins	28.84	+0.46	+1.63%

Silver • 14 mins	28.84	+0.46	+1.63%
Copper • 14 mins	4.498	+0.061	+1.37%
Brent Crude • 45 mins	87.29	+0.18	+0.21%
Natural Gas • 2 hours	1.752	-0.005	-0.28%
Heating Oil • 2 hours	2.541	+0.007	+0.29%

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AUD/USD: Bullish Intraday Reversal Near The Key Support Area

By - Mar 05, 2013, 5:15 AM CST

AUD/USD has made an intraday bullish reversal near the key support area between 1.0177 and 1.0149. A short-term rebound is likely. The hourly resistance at 1.0242 (01/03/2013 high) is challenged. Another hourly resistance is at 1.0290 (28/02/2013 high). The key support lies now at 1.0115 (04/03/2013 low).

The intraday reversal close to the aforementioned key support area has stopped our short strategy.

AUD/USD is moving within the medium-term horizontal range defined by the support at 1.0149 (08/10/2012 low) and the resistance at 1.0613 (09/08/2012 high). A decisive break out of this range would call for a medium-term downside risk at 0.9741. A key support is at 0.9582 (01/06/2012 low).

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