AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.95% against the USD to close at 1.0073.
In the Asian session, at GMT0400, the pair is trading at 1.0085, with the AUD trading 0.12% higher from yesterday’s close.
LME Copper prices declined 0.5% or $40.0/MT to $7,592.0/ MT. Aluminium prices declined 0.9% or $20.0/MT to $2,097.5/ MT.
The pair is expected to find support at 1.0010, and a fall through could take it to the next support level of 0.9935. The pair is expected to find its first resistance at 1.0172, and a rise through could take it to the next resistance level of 1.0259.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
