Commodity Prices

Gold •10 mins	2,413.80	+15.80	+0.66%
Platinum •10 mins	943.80	-10.70	-1.12%
WTI Crude •15 hours	83.14	+0.41	+0.50%
Gasoline •15 hours	2.710	-0.003	-0.13%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.84	+0.46	+1.63%

Silver • 10 mins	28.84	+0.46	+1.63%
Copper • 10 mins	4.498	+0.061	+1.37%
Brent Crude • 14 hours	87.29	+0.18	+0.21%
Natural Gas • 15 hours	1.752	-0.005	-0.28%
Heating Oil • 15 hours	2.541	+0.007	+0.29%

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AUD/USD: Moving Sharply Lower

By - May 02, 2013, 5:02 AM CDT

AUD/USD collapsed yesterday close to its resistance at 1.0398. It is now close to its previous low and support at 1.0221. Another support is at 1.0202 (11/03/2013 low). An hourly resistance is at 1.0299.

A test of the key support area between 1.0177 and 1.0115 (04/03/2013 low) is expected as long as prices remain below the resistance at 1.0398.

In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high). The direction of the break of this range is expected to give the next medium-term trend.

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