Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •4 hours	76.54	+0.69	+0.91%
Gasoline •4 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	80.57	+0.72	+0.90%
Natural Gas • 4 hours	3.198	-0.035	-1.08%
Heating Oil • 4 hours	3.195	+0.067	+2.15%

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AUD/USD: Bouncing Within Its Downtrend

By - Dec 06, 2013, 5:07 AM CST

AUD/USD has broken its low at 0.9056, confirming a persistent bearish trend. Further short-term weakness is likely despite the current bounce near the psychological support at 0.9000. The hourly resistance at 0.9072 (intraday high) is challenged. Another resistance stands at 0.9146 (03/12/2013 high).

AUD/USD has broken the key support at 0.9281, opening the way for a medium-term decline towards the support at 0.8893.

The long-term technical pattern remains negative thus far. A test of the support area between 0.8848 (05/08/2013 low) and 0.8893 (28/08/2013 low) is our most conservative longterm downside risk.

Daily Technical Report