AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 0.9836.
In Australia, this morning, leading economic indicator increased 0.1% (M-o-M) in September, compared to 0.2% in the previous month.
In the Asian session, at GMT0400, the pair is trading at 0.9773, with the AUD trading 0.64% lower from yesterday’s close.
LME Copper prices rose 1.3% or $97.0/MT to $7,398.0/ MT. Aluminium prices declined 0.8% or $16.0/MT to $2,059.0/ MT.
The pair is expected to find support at 0.9720, and a fall through could take it to the next support level of 0.9666. The pair is expected to find its first resistance at 0.9863, and a rise through could take it to the next resistance level of 0.9952.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
