Commodity Prices

Gold •730 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,651.90	+23.80	+1.46%
WTI Crude •2 hours	68.78	+0.09	+0.13%
Gasoline •2 hours	2.953	+0.036	+1.23%
Ethanol •730 days	2.161	+0.000	+0.00%
Silver •730 days	30.82	+1.16	+3.92%

Silver • 730 days	30.82	+1.16	+3.92%
Copper • 730 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	72.12	+0.32	+0.45%
Natural Gas • 2 hours	3.245	+0.049	+1.53%
Heating Oil • 2 hours	3.257	+0.074	+2.34%

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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