Commodity Prices

Gold •174 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	964.80	+13.30	+1.40%
WTI Crude •10 hours	70.10	+0.86	+1.24%
Gasoline •10 hours	1.959	+0.021	+1.06%
Ethanol •174 days	2.161	+0.000	+0.00%
Silver •174 days	30.82	+1.16	+3.92%

Silver • 174 days	30.82	+1.16	+3.92%
Copper • 174 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	73.58	+0.95	+1.31%
Natural Gas • 10 hours	3.946	+0.290	+7.93%
Heating Oil • 10 hours	2.222	-0.005	-0.22%

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AUD/USD: Back To its Previous Low

By - Dec 12, 2013, 5:10 AM CST

AUD/USD weakened sharply yesterday, confirming an underlying bearish trend. Monitor the support at 0.8999. Hourly resistances stand at 0.9082 (intraday high) and 0.9168.

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