AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.72% against the USD to close at 1.0448.
In the Asian session, at GMT0300, the pair is trading at 1.0434, with the AUD trading 0.14% lower from yesterday’s close.
LME Copper prices rose 0.3% or $28.5/MT to $ 8511.0/ MT. Aluminium prices declined 0.2% or $4.0/MT to $ 2132.8/ MT.
The pair is expected to find support at 1.0386, and a fall through could take it to the next support level of 1.0338. The pair is expected to find its first resistance at 1.0520, and a rise through could take it to the next resistance level of 1.0606.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
