Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,343.00	-8.90	-0.66%
WTI Crude •56 mins	65.11	-0.41	-0.63%
Gasoline •4 hours	2.080	-0.010	-0.48%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	67.61	-0.16	-0.24%
Natural Gas • 56 mins	3.456	-0.283	-7.57%
Heating Oil • 4 hours	2.346	+0.039	+1.67%

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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