AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.08% against the USD to close at 1.0352.
LME Copper prices declined 0.1% or $8.5/MT to $7851.8/MT. Aluminium prices rose 0.1% or $2.5/MT to $1909.3/MT.
In the Asian session, at GMT0300, the pair is trading at 1.032, with the AUD trading 0.31% lower from yesterday’s close.
This morning, the MNI business sentiment indicator in China rose to a reading of 51.9 in October, compared to a reading of 51.4 reported in the previous month.
The pair is expected to find support at 1.0290, and a fall through could take it to the next support level of 1.0261. The pair is expected to find its first resistance at 1.0373, and a rise through could take it to the next resistance level of 1.0426.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
