Commodity Prices

Gold •822 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,700.00	-22.80	-1.32%
WTI Crude •1 day	91.11	-1.76	-1.90%
Gasoline •1 day	3.312	-0.090	-2.65%
Ethanol •822 days	2.161	+0.000	+0.00%
Silver •822 days	30.82	+1.16	+3.92%

Silver • 822 days	30.82	+1.16	+3.92%
Copper • 822 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	102.25	-0.06	-0.06%
Natural Gas • 1 day	3.035	+0.068	+2.29%
Heating Oil • 1 day	4.501	-0.141	-3.04%

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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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