Commodity Prices

Gold •404 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,341.20	-2.30	-0.17%
WTI Crude •10 mins	64.15	+0.19	+0.30%
Gasoline •14 mins	2.082	+0.006	+0.27%
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 • 1 hour	66.63	+0.04	+0.06%
Natural Gas • 12 mins	2.982	+0.028	+0.95%
Heating Oil • 12 mins	2.289	-0.002	-0.08%

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AUD/USD: Trying to Bounce

By - Apr 30, 2014, 5:31 AM CDT

AUD/USD is trying to bounce near the support area given by 0.9214 and the rising channel (around 0.9210). A break of the hourly resistance at 0.9317 (28/04/2014 high, see also the declining trendline) is needed to improve the short-term technical structure. Another resistance lies at 0.9378 (22/04/2014 high).

In the medium-term, the successful test of the key resistance at 0.9448 could signal the end of the recent phase of AUD appreciation. However, a break of the aforementioned support area between 0.9214 and 0.9210 is needed to confirm such scenario.

Daily Technical Report