Commodity Prices

Gold •531 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,870.30	-5.20	-0.28%
WTI Crude •11 mins	55.45	+0.18	+0.33%
Gasoline •11 mins	1.684	+0.003	+0.17%
Ethanol •531 days	2.161	+0.000	+0.00%
Silver •531 days	30.82	+1.16	+3.92%

Silver • 531 days	30.82	+1.16	+3.92%
Copper • 531 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	58.92	-1.64	-2.71%
Natural Gas • 11 mins	3.935	+0.049	+1.26%
Heating Oil • 11 mins	2.131	+0.002	+0.11%

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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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