Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	927.00	-7.60	-0.81%
WTI Crude •5 hours	70.19	-0.39	-0.55%
Gasoline •10 mins	1.929	-0.014	-0.72%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.97	-0.42	-0.57%
Natural Gas • 10 mins	3.436	+0.062	+1.84%
Heating Oil • 40 mins	2.240	-0.015	-0.65%

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AUD/USD: Bounce is Pushing Higher

By - Oct 11, 2012, 5:39 AM CDT

AUD/USD is bouncing after having tested its strong support at 1.0177. It is now challenging the hourly resistance at 1.0275 (05/10/2012 high).

A decisive break of the support at 1.0177 would confirm a bigger decline (see potential medium-term double-top).

The proximity of the long-term declining trendline, coupled with medium-term oscillators near overbought levels, favours a phase of weakness. Resistance at 1.0329 (26/09/2012 low, see also declining trendline).

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