Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,416.00	+3.50	+0.25%
WTI Crude •10 mins	66.86	+0.29	+0.44%
Gasoline •14 mins	2.158	+0.006	+0.28%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.87	+0.23	+0.34%
Natural Gas • 12 mins	3.367	+0.030	+0.90%
Heating Oil • 10 mins	2.394	+0.010	+0.43%

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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