Commodity Prices

Gold •690 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,972.10	+32.40	+1.67%
WTI Crude •11 mins	92.48	-4.12	-4.27%
Gasoline •23 mins	3.328	-0.126	-3.64%
Ethanol •690 days	2.161	+0.000	+0.00%
Silver •690 days	30.82	+1.16	+3.92%

Silver • 690 days	30.82	+1.16	+3.92%
Copper • 690 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.37	-4.17	-4.03%
Natural Gas • 17 mins	2.892	-0.015	-0.52%
Heating Oil • 23 mins	3.781	-0.107	-2.76%

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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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