Commodity Prices

Gold •381 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,456.60	-15.50	-1.05%
WTI Crude •1 day	67.34	-0.20	-0.30%
Gasoline •1 day	2.153	-0.017	-0.78%
Ethanol •381 days	2.161	+0.000	+0.00%
Silver •381 days	30.82	+1.16	+3.92%

Silver • 381 days	30.82	+1.16	+3.92%
Copper • 381 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	69.28	-0.24	-0.35%
Natural Gas • 1 day	3.565	+0.023	+0.65%
Heating Oil • 1 day	2.453	-0.012	-0.47%

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AUD/USD: Grinding Higher Towards Resistance Levels

By - Nov 23, 2012, 5:18 AM CST

AUD/USD is moving sideways within the horizontal range defined by the support at 1.0305 and the resistance at 1.0475. The recent strength has pushed prices near the resistance at 1.0425 (see also declining trendline). However, the succession of lower highs since the 7 November high favours a bearish bias.

AUD/USD is moving within a medium-term horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high).

Daily Technical Report