Commodity Prices

Gold •438 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,408.90	-2.80	-0.20%
WTI Crude •11 mins	63.08	+0.39	+0.62%
Gasoline •12 mins	1.997	+0.011	+0.57%
Ethanol •438 days	2.161	+0.000	+0.00%
Silver •438 days	30.82	+1.16	+3.92%

Silver • 438 days	30.82	+1.16	+3.92%
Copper • 438 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.38	+0.39	+0.58%
Natural Gas • 12 mins	2.970	+0.029	+0.99%
Heating Oil • 15 mins	2.315	+0.025	+1.09%

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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