Commodity Prices

Gold •775 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,733.40	-55.50	-3.10%
WTI Crude •11 mins	85.36	+0.86	+1.02%
Gasoline •11 mins	3.323	+0.053	+1.62%
Ethanol •775 days	2.161	+0.000	+0.00%
Silver •775 days	30.82	+1.16	+3.92%

Silver • 775 days	30.82	+1.16	+3.92%
Copper • 775 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.46	+0.59	+0.65%
Natural Gas • 11 mins	2.736	+0.046	+1.71%
Heating Oil • 11 mins	4.444	+0.007	+0.15%

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AUD/USD: Making New Lows

By - Nov 11, 2013, 5:36 AM CST

AUD/USD is in a corrective phase, as can be seen by the recent new lows below the support at 0.9422. A decline towards the support at 0.9281 is likely. An initial support lies at 0.9353 (08/11/2013 low). Hourly resistances are at 0.9428 (04/11/2013 low) and 0.9474 (intraday high).

The long-term technical pattern remains negative thus far. Therefore, we see the recent decline near the strong resistance at 0.9792 (03/06/2013 high, see also the 200 day moving average) as the start of a new phase of weakness for AUD/USD. A retest of the low at 0.8848 (05/08/2013 low) is our more conservative downside risk.

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