AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 0.9913.
In the Asian session, at GMT0400, the pair is trading at 0.9922, with the AUD trading 0.09% higher from yesterday’s close.
LME Copper prices rose 2.6% or $184.5/MT to $7,381.0/ MT. Aluminium prices rose 0.9% or $18.5/MT to $2,006.5/ MT.
The pair is expected to find support at 0.9835, and a fall through could take it to the next support level of 0.9748. The pair is expected to find its first resistance at 0.9992, and a rise through could take it to the next resistance level of 1.0063.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
