Commodity Prices

Gold •20 mins	2,393.70	-4.30	-0.18%
Platinum •20 mins	948.90	-5.60	-0.59%
WTI Crude •10 mins	82.63	-0.10	-0.12%
Gasoline •14 mins	2.709	-0.005	-0.17%
Ethanol •41 mins	2.161	+0.000	+0.00%
Silver •20 mins	28.31	-0.08	-0.26%

Silver • 20 mins	28.31	-0.08	-0.26%
Copper • 20 mins	4.430	-0.007	-0.16%
Brent Crude • 20 mins	87.11	-0.18	-0.21%
Natural Gas • 10 mins	1.742	-0.015	-0.85%
Heating Oil • 11 mins	2.534	+0.001	+0.02%

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AUD/USD: Moving Sideways with Wild Swings

By - Sep 24, 2012, 5:13 AM CDT

AUD/USD made sharp reversals on 20 September and 21 September. Monitor the implied support at 1.0368 and the implied resistance at 1.0519 (21/09/2012 high).

The proximity of the down trendline favours a significant phase of weakness. However, should a break to the upside out of the symmetrical triangle occur, it would force us to review our strategy.

Daily Technical Report