AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.17% against the USD to close at 0.8107.
Yesterday, data indicated that Australia’s leading index eased 0.2% in October, following a drop of 0.3% registered in the prior month.
LME Copper prices declined 0.99% or $63.5/MT to $6363.0/MT. Aluminium prices declined 1.38% or $26.0/MT to $1852.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8112, with the AUD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.8084, and a fall through could take it to the next support level of 0.8057. The pair is expected to find its first resistance at 0.8143, and a rise through could take it to the next resistance level of 0.8174.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
