Commodity Prices

Gold •790 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,745.20	-21.20	-1.20%
WTI Crude •11 mins	90.78	+0.56	+0.62%
Gasoline •11 mins	3.144	+0.009	+0.30%
Ethanol •790 days	2.161	+0.000	+0.00%
Silver •790 days	30.82	+1.16	+3.92%

Silver • 790 days	30.82	+1.16	+3.92%
Copper • 790 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	95.66	+1.01	+1.07%
Natural Gas • 11 mins	2.946	+0.042	+1.45%
Heating Oil • 14 mins	4.713	+0.036	+0.77%

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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.

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