AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0288.
In the Asian session, at GMT0400, the pair is trading at 1.0257, with the AUD trading 0.30% lower from yesterday’s close, amid an increase in unemployment rate.
In Australia, this morning, the unemployment rate came in at 5.3% in November, compared to 5.2% in the previous month.
LME Copper prices rose 0.6% or $43.0/MT to $7,808.8/ MT. Aluminium prices declined 0.1% or $1.5/MT to $2,101.8/ MT.
The pair is expected to find support at 1.0225, and a fall through could take it to the next support level of 1.0194. The pair is expected to find its first resistance at 1.0296, and a rise through could take it to the next resistance level of 1.0336.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
