Commodity Prices

WTI Crude •11 mins	68.37	+0.04	+0.06%
Brent Crude •11 mins	73.80	+0.02	+0.03%
Ethanol •57 mins	1.509	+0.001	+0.07%
Natural Gas •15 mins	2.711	+0.016	+0.59%
Gasoline •11 mins	2.088	+0.005	+0.23%
Heating Oil •17 mins	2.108	+0.003	+0.16%

Gasoline • 11 mins	2.088	+0.005	+0.23%
Heating Oil • 17 mins	2.108	+0.003	+0.16%
Opec Basket • 2 days	69.39	+1.03	+1.51%
Gold • 15 mins	1,344.70	-4.10	-0.30%

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AUD/USD: Weak Bounce Thus Far

By - Jun 07, 2013, 5:09 AM CDT

AUD/USD has thus far only managed to produce a dead cat bounce in an environment where the USD dollar is weak across the board. Monitor the key support at 0.9388 (04/10/2011 low). Hourly resistances are at 0.9674 (06/06/2013 high) and 0.9792 (03/06/2013 high).

In the longer-term, the break to the downside out of the long-term symmetrical triangle (see the daily chart) favours a move below the strong support area defined by 0.9582 (01/06/2012 low) and 0.9388 (04/10/2011 low).

Daily Technical Report