AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD rose 0.59% against the USD to close at 1.0305.
In the Asian session, at GMT0400, the pair is trading at 1.0282, with the AUD trading 0.22% lower from yesterday’s close.
This morning, Australian Bureau of Statistics indicated that job vacancies in the private sector retreated 3.3% (YoY) in November.
LME Copper prices rose 1.8% or $138.0/MT to $7,640.8/ MT. Aluminium prices rose 3.7% or $76.3/MT to $2137.5/ MT.
The pair is expected to find support at 1.0251, and a fall through could take it to the next support level of 1.0220. The pair is expected to find its first resistance at 1.0333, and a rise through could take it to the next resistance level of 1.0383.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
