Commodity Prices

Gold •686 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,957.10	-2.50	-0.13%
WTI Crude •11 mins	99.10	+0.84	+0.85%
Gasoline •35 mins	3.498	+0.011	+0.30%
Ethanol •686 days	2.161	+0.000	+0.00%
Silver •686 days	30.82	+1.16	+3.92%

Silver • 686 days	30.82	+1.16	+3.92%
Copper • 686 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	105.02	-6.26	-5.63%
Natural Gas • 16 mins	3.037	+0.033	+1.10%
Heating Oil • 1 hour	3.956	+0.009	+0.22%

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AUD/USD: Declining Sharply

By - Jul 04, 2014, 6:14 AM CDT

AUD/USD declined sharply yesterday, confirming exhaustion in the buying interest. Monitor the key support at 0.9319. Hourly resistances can now be found at 0.9388 and 0.9444 (03/07/2014 high). Another key support stands at 0.9206.

In the longer term, the false breakout at 0.9461 confirms a limited upside potential, favouring a bearish bias. However, a break of the key support at 0.9206 (03/04/2014 low) is needed to open the way for a new significant phase of decline.

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