Commodity Prices

Gold •417 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,343.10	-20.00	-1.47%
WTI Crude •10 mins	64.32	+0.66	+1.04%
Gasoline •10 mins	2.153	-0.006	-0.25%
Ethanol •417 days	2.161	+0.000	+0.00%
Silver •417 days	30.82	+1.16	+3.92%

Silver • 417 days	30.82	+1.16	+3.92%
Copper • 417 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.32	+0.59	+0.87%
Natural Gas • 10 mins	2.657	-0.041	-1.52%
Heating Oil • 10 mins	2.336	+0.028	+1.21%

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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