Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	977.30	-2.30	-0.23%
WTI Crude •10 mins	62.89	+0.62	+1.00%
Gasoline •23 mins	2.095	+0.011	+0.51%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.69	+0.57	+0.86%
Natural Gas • 10 mins	2.971	-0.051	-1.69%
Heating Oil • 55 mins	2.139	+0.012	+0.57%

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AUD/USD: Pushing Higher

By - Feb 11, 2014, 6:15 AM CST

AUD/USD has broken the resistance implied by its declining trendline. A further rise towards the resistance at 0.9086 is favoured as long as the hourly support at 0.8874 (05/02/2014 low) holds. An initial support stands at 0.8907 (10/02/2014 low).

The long-term technical pattern is negative and favours a further decline towards the key support at 0.8067 (25/05/2010 low), as long as prices remain below the resistance at 0.9168 (02/12/2013 high, see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

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