AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 2.01% against the USD to close at 0.9873.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 0.9878, marginally higher from yesterday’s close at 23:00 GMT.
LME Copper prices rose 4.2% or $302.0/MT to $7,527.5/ MT. Aluminium prices declined 0.1% or $1.8/MT to $2,193.5/ MT.
The pair is expected to find first short term resistance at 0.9918, with the next resistance levels at 0.9958 and 1.0039, subsequently. The first support for the pair is seen at 0.9837, followed by next supports at 0.9796 and 0.9715 respectively.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
