Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,962.20	+22.50	+1.16%
WTI Crude •11 mins	91.62	-4.98	-5.16%
Gasoline •13 mins	3.317	-0.137	-3.95%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.02	+1.88	+1.96%
Natural Gas • 14 mins	2.939	+0.032	+1.10%
Heating Oil • 23 mins	3.772	-0.116	-2.97%

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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