Commodity Prices

Gold •14 mins	2,336.60	-5.50	-0.23%
Platinum •14 mins	921.20	-1.60	-0.17%
WTI Crude •10 mins	83.46	+0.10	+0.12%
Gasoline •20 mins	2.726	+0.001	+0.04%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.31	-0.06	-0.21%

Silver • 14 mins	27.31	-0.06	-0.21%
Copper • 14 mins	4.420	-0.015	-0.33%
Brent Crude • 1 hour	88.42	+1.42	+1.63%
Natural Gas • 16 mins	1.833	+0.021	+1.16%
Heating Oil • 23 mins	2.577	-0.002	-0.07%

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AUD/USD - Making New Lows

By - Aug 07, 2014, 5:43 AM CDT

AUD/USD has broken the key support at 0.9319, validating a bearish reversal pattern with a downside risk at 0.9206. Today's new lows confirm this downside potential. An hourly resistance lies at 0.9355/0.9374.

In the longer term, prices are consolidating within the range defined by the key support at 0.9206 and the key resistance at 0.9461 (10/04/2014 high)/0.9505. The break of the support at 0.9319 calls for a test of the low of the range.

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