Commodity Prices

Gold •774 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,756.90	+24.70	+1.43%
WTI Crude •1 day	82.40	+1.15	+1.42%
Gasoline •1 day	3.184	+0.056	+1.79%
Ethanol •774 days	2.161	+0.000	+0.00%
Silver •774 days	30.82	+1.16	+3.92%

Silver • 774 days	30.82	+1.16	+3.92%
Copper • 774 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	88.52	+1.45	+1.67%
Natural Gas • 1 day	2.733	+0.006	+0.22%
Heating Oil • 1 day	4.283	+0.032	+0.76%

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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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