AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0462.
LME Copper prices rose 0.3% or $20.5/MT to $8100.3/MT. Aluminium prices rose 0.8% or $17.3/MT to $2074.3/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0478, with the AUD trading 0.15% higher from yesterday’s close.
This morning, in Australia, the Melbourne Institute stated that the consumer inflation expectations were unchanged at 2.4% in September, within the Reserve Bank of Australia’s target band.
The pair is expected to find support at 1.0445, and a fall through could take it to the next support level of 1.0411. The pair is expected to find its first resistance at 1.0509, and a rise through could take it to the next resistance level of 1.0539.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
