AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0186.
LME Copper prices rose 0.6% or $50.3/MT to $8183.0/MT. Aluminium prices declined 0.3% or $ 5.8/MT to $ 2040.5/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0212, with the AUD trading 0.26% higher from yesterday’s close.
Today morning, in Australia, the Westpac and Melbourne Institute index of consumer sentiment rose 1.0% to 99.2 in October, compared to a reading of 98.2 in September.
The pair is expected to find support at 1.0176, and a fall through could take it to the next support level of 1.0140. The pair is expected to find its first resistance at 1.0248, and a rise through could take it to the next resistance level of 1.0283.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
