AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.11% against the USD to close at 1.0515.
LME Copper prices declined 0.4% or $31.8/MT to $8020.3/MT. Aluminium prices declined 1.0% or $21.0/MT to $2000.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0549, with the AUD trading 0.32% higher from yesterday’s close.
The pair is expected to find support at 1.0515, and a fall through could take it to the next support level of 1.0481. The pair is expected to find its first resistance at 1.0572, and a rise through could take it to the next resistance level of 1.0595.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
