Commodity Prices

Gold •663 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,006.10	+8.50	+0.43%
WTI Crude •11 mins	97.04	+0.67	+0.70%
Gasoline •13 mins	3.502	+0.011	+0.33%
Ethanol •663 days	2.161	+0.000	+0.00%
Silver •663 days	30.82	+1.16	+3.92%

Silver • 663 days	30.82	+1.16	+3.92%
Copper • 663 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	108.56	+0.33	+0.30%
Natural Gas • 12 mins	2.504	-0.046	-1.80%
Heating Oil • 13 mins	3.968	-0.007	-0.18%

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AUD/USD - Monitoring The 200-Day Moving Average

By - Jan 12, 2017, 6:28 AM CST

AUD/USD is still bouncing back from resistance given at 0.7145 (24/05/2016 low). A short-term bullish technical structure dominates. Local support is given at 0.7331 (yesterday low). Expected to see further strengthening.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

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