AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.65% against the USD to close at 1.0808.
In the Asian session, at GMT0400, the pair is trading at 1.0788, with the AUD trading 0.19% lower from yesterday’s close.
LME Copper prices declined 0.2% or $14.3/MT to $8,569.8/ MT. Aluminium prices declined 0.6% or $12.8/MT to $2,288.5/ MT.
The pair is expected to find support at 1.0736, and a fall through could take it to the next support level of 1.0684. The pair is expected to find its first resistance at 1.0829, and a rise through could take it to the next resistance level of 1.0869.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
