AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.76% against the USD to close at 1.0017.
LME Copper prices weakened 0.3% or $21.0/MT to $ 7376.3/ MT. Aluminium prices rose marginally or $0.5/MT to $ 1924.3/ MT.
In the Asian session, at GMT0300, the pair is trading at 1.0020, with the AUD trading marginally higher from yesterday’s close.
The pair is expected to find support at 0.9950, and a fall through could take it to the next support level of 0.9881. The pair is expected to find its first resistance at 1.0061, and a rise through could take it to the next resistance level of 1.0103.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
