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Gold •750 days	2,368.70	+35.30	+1.51%
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WTI Crude •10 mins	91.55	-0.64	-0.69%
Gasoline •23 mins	3.473	-0.024	-0.68%
Ethanol •750 days	2.161	+0.000	+0.00%
Silver •750 days	30.82	+1.16	+3.92%

Silver • 750 days	30.82	+1.16	+3.92%
Copper • 750 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.05	-0.64	-0.64%
Natural Gas • 11 mins	2.907	-0.009	-0.31%
Heating Oil • 20 mins	4.337	-0.004	-0.10%

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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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