Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	970.10	+3.00	+0.31%
WTI Crude •14 mins	63.92	+0.84	+1.33%
Gasoline •12 mins	2.095	+0.030	+1.45%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.06	+0.80	+1.21%
Natural Gas • 10 mins	3.058	+0.042	+1.39%
Heating Oil • 10 mins	2.143	+0.034	+1.61%

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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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