AUD/USD: Aussie extends its losses in the Asian session

AUDUSD

AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD declined 9.73% against the USD and closed at 0.6232.

LME Copper prices declined 11.5% or $1.8/MT to $4,976.0/MT. Aluminium prices fell 2.3% or $34.0/MT to $1,421.5/MT.

In the Asian session, at GMT0300, the pair is trading at 0.6223, with the AUD trading 0.14% lower against the USD from yesterday’s close.

The pair is expected to find support at 0.6143, and a fall through could take it to the next support level of 0.6062. The pair is expected to find its first resistance at 0.6277, and a rise through could take it to the next resistance level of 0.6330.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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