Commodity Prices

Gold •757 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,642.20	-18.00	-1.08%
WTI Crude •10 mins	82.31	-1.28	-1.53%
Gasoline •2 hours	3.222	-0.062	-1.90%
Ethanol •757 days	2.161	+0.000	+0.00%
Silver •757 days	30.82	+1.16	+3.92%

Silver • 757 days	30.82	+1.16	+3.92%
Copper • 757 days	4.530	+0.111	+2.51%
Brent Crude • 30 mins	88.00	-1.03	-1.16%
Natural Gas • 11 mins	2.764	+0.006	+0.22%
Heating Oil • 1 hour	4.181	-0.028	-0.67%

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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