Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	956.00	-0.60	-0.06%
WTI Crude •10 mins	66.77	-0.18	-0.27%
Gasoline •10 mins	2.155	-0.009	-0.42%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	70.14	-4.81	-6.42%
Natural Gas • 10 mins	4.141	+0.003	+0.07%
Heating Oil • 10 mins	2.181	-0.008	-0.35%

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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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