Commodity Prices

Gold •404 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,352.80	+9.30	+0.69%
WTI Crude •10 mins	64.02	+0.06	+0.09%
Gasoline •10 mins	2.084	+0.008	+0.38%
Ethanol •404 days	2.161	+0.000	+0.00%
Silver •404 days	30.82	+1.16	+3.92%

Silver • 404 days	30.82	+1.16	+3.92%
Copper • 404 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.77	+0.14	+0.21%
Natural Gas • 10 mins	2.941	-0.013	-0.44%
Heating Oil • 12 mins	2.285	-0.006	-0.26%

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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