Commodity Prices

Gold •713 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,811.30	-3.40	-0.19%
WTI Crude •11 mins	76.66	+0.61	+0.80%
Gasoline •21 mins	2.897	+0.017	+0.57%
Ethanol •713 days	2.161	+0.000	+0.00%
Silver •713 days	30.82	+1.16	+3.92%

Silver • 713 days	30.82	+1.16	+3.92%
Copper • 713 days	4.530	+0.111	+2.51%
Brent Crude • 55 mins	78.96	-4.21	-5.06%
Natural Gas • 11 mins	3.255	+0.016	+0.49%
Heating Oil • 16 mins	3.204	+0.033	+1.05%

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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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