Commodity Prices

Gold •423 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.50	+8.80	+0.65%
WTI Crude •1 day	64.01	-0.59	-0.91%
Gasoline •1 day	2.188	-0.012	-0.52%
Ethanol •423 days	2.161	+0.000	+0.00%
Silver •423 days	30.82	+1.16	+3.92%

Silver • 423 days	30.82	+1.16	+3.92%
Copper • 423 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	68.12	-0.50	-0.73%
Natural Gas • 1 day	2.997	+0.053	+1.80%
Heating Oil • 1 day	2.267	-0.043	-1.87%

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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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