AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.13% against the USD to close at 1.0471.
LME Copper prices rose 1.2% or $94.5/MT to $7770.3/MT. Aluminium prices rose 2.5% or $47.5/MT to $1976.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0485, with the AUD trading 0.13% higher from yesterday’s close, extending its previous session gains, as risk appetite improved following news that the IMF and the EU have agreed on debt-reduction targets for Greece, which would open the flow of aid into the country.
The pair is expected to find support at 1.0453, and a fall through could take it to the next support level of 1.0421. The pair is expected to find its first resistance at 1.0504, and a rise through could take it to the next resistance level of 1.0522.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
