Commodity Prices

Gold •393 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,282.80	-16.30	-1.25%
WTI Crude •10 mins	68.76	-0.50	-0.72%
Gasoline •11 mins	2.154	-0.020	-0.90%
Ethanol •393 days	2.161	+0.000	+0.00%
Silver •393 days	30.82	+1.16	+3.92%

Silver • 393 days	30.82	+1.16	+3.92%
Copper • 393 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.25	-0.45	-0.63%
Natural Gas • 10 mins	3.095	-0.011	-0.35%
Heating Oil • 10 mins	2.368	-0.028	-1.17%

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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.

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