AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0056.
In the Asian session, at GMT0300, the pair is trading at 1.0068, with the AUD trading 0.12% higher from yesterday’s close.
This morning, in China, consumer price index rose 3.4% (YoY) in April, compared to a 3.6% rise in March.
LME Copper prices rose 1.3% or $106.8/MT to $ 8195.3/ MT. Aluminium prices rose 0.8% or $16.5/MT to $ 2003.3/ MT.
The pair is expected to find support at 1.0027, and a fall through could take it to the next support level of 0.9985. The pair is expected to find its first resistance at 1.0126, and a rise through could take it to the next resistance level of 1.0185.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
