Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	941.70	+5.30	+0.57%
WTI Crude •10 mins	69.85	+0.39	+0.56%
Gasoline •11 mins	1.954	+0.013	+0.64%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.30	+0.36	+0.49%
Natural Gas • 11 mins	3.894	+0.146	+3.90%
Heating Oil • 11 mins	2.256	+0.024	+1.09%

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AUD/USD: Bullish Intraday Reversal Near The Key Support Area

By - Mar 05, 2013, 5:15 AM CST

AUD/USD has made an intraday bullish reversal near the key support area between 1.0177 and 1.0149. A short-term rebound is likely. The hourly resistance at 1.0242 (01/03/2013 high) is challenged. Another hourly resistance is at 1.0290 (28/02/2013 high). The key support lies now at 1.0115 (04/03/2013 low).

The intraday reversal close to the aforementioned key support area has stopped our short strategy.

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 decisive break out of this range would call for a medium-term downside risk at 0.9741. A key support is at 0.9582 (01/06/2012 low).

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