Commodity Prices

Gold •251 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	988.60	+9.00	+0.92%
WTI Crude •10 mins	66.68	+0.43	+0.65%
Gasoline •19 mins	2.120	+0.015	+0.70%
Ethanol •251 days	2.161	+0.000	+0.00%
Silver •251 days	30.82	+1.16	+3.92%

Silver • 251 days	30.82	+1.16	+3.92%
Copper • 251 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.98	+0.42	+0.60%
Natural Gas • 10 mins	4.339	-0.114	-2.56%
Heating Oil • 11 mins	2.217	+0.021	+0.93%

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AUD/USD: Moving Sharply Lower

By - May 02, 2013, 5:02 AM CDT

AUD/USD collapsed yesterday close to its resistance at 1.0398. It is now close to its previous low and support at 1.0221. Another support is at 1.0202 (11/03/2013 low). An hourly resistance is at 1.0299.

A test of the key support area between 1.0177 and 1.0115 (04/03/2013 low) is expected as long as prices remain below the resistance at 1.0398.

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.

Daily Technical Report