AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.58% against the USD to close at 1.0752, after unemployment rate in Australia eased to 5.1% in January.
In the Asian session, at GMT0400, the pair is trading at 1.0781, with the AUD trading 0.27% higher from yesterday’s close.
LME Copper prices declined 2.2% or $186.0/MT to $8209.3/ MT. Aluminium prices declined 2.6% or $56.8/MT to $ 2116.8/ MT.
The pair is expected to find support at 1.0685, and a fall through could take it to the next support level of 1.0589. The pair is expected to find its first resistance at 1.0838, and a rise through could take it to the next resistance level of 1.0896.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
