AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0328.
In the Asian session, at GMT0300, the pair is trading at 1.0316, with the AUD trading 0.11% lower from yesterday’s close.
LME Copper prices rose 0.9% or $71.3/MT to $8,193.8/ MT. Aluminium prices rose 0.9% or $18.3/MT to $2,029.5/ MT.
The pair is expected to find support at 1.0263, and a fall through could take it to the next support level of 1.0210. The pair is expected to find its first resistance at 1.0354, and a rise through could take it to the next resistance level of 1.0392.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
