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Gold •172 days	2,368.70	+35.30	+1.51%
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Gasoline •13 mins	1.953	+0.011	+0.58%
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Silver • 172 days	30.82	+1.16	+3.92%
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Brent Crude • 10 mins	73.24	+0.30	+0.41%
Natural Gas • 10 mins	3.874	+0.126	+3.36%
Heating Oil • 13 mins	2.251	+0.020	+0.88%

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AUD/USD: Bounce is Fading

By - Apr 26, 2013, 5:54 AM CDT

AUD/USD is moving in a tiny range between the hourly support at 1.0285 and the hourly resistance at 1.0340. Another support is at 1.0221 (23/04/2013 low). A key resistance is at 1.0398 (16/04/2013 high).

A test of the key support area between 1.0177 and 1.0115 (04/03/2013 low) is expected.

In the medium-term, AUD/USD is moving within the horizontal range defined by the support at 1.0177 (25/07/2012 low) and the resistance at 1.0613 (09/08/2012 high). The direction of the break of this range is expected to give the next medium-term trend.

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