Commodity Prices

Gold •15 mins	2,347.20	+4.70	+0.20%
Platinum •15 mins	922.10	+1.60	+0.17%
WTI Crude •13 hours	83.85	+0.28	+0.34%
Gasoline •13 hours	2.765	+0.006	+0.23%
Ethanol •11 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.54	-0.10	-0.35%

Silver • 15 mins	27.54	-0.10	-0.35%
Copper • 15 mins	4.574	+0.036	+0.78%
Brent Crude • 12 hours	89.50	+0.49	+0.55%
Natural Gas • 13 hours	1.614	-0.024	-1.47%
Heating Oil • 13 hours	2.548	-0.002	-0.09%

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AUD/USD: Declining Towards The Low of its Medium Term Horizontal Range

By - Feb 12, 2013, 6:02 AM CST

AUD/USD continues to look weak after breaking under the key support at 1.0329. We now see scope for a return to the base of the recent longer-term range at 1.0149 (08/10/2012 low) over the coming days. Resistances can be found at 1.0294 (intraday high) and 1.0348 (08/02/2013 high, see also declining trendline).

AUD/USD is moving within the medium-term horizontal range defined by the support at 1.0149 (08/10/2012 low) and the resistance at 1.0613 (09/08/2012 high). A break out of this range is required to fuel a longer-term directional bias.

Daily Technical Report