AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 0.9277.
LME Copper prices declined 2.1% or $139.5/MT to $6637.5/MT. Aluminium prices declined 1.1% or $19.0/MT to $1729.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9209, with the AUD trading 0.73% lower from yesterday’s close.
The pair is expected to find support at 0.9137, and a fall through could take it to the next support level of 0.9065. The pair is expected to find its first resistance at 0.9291, and a rise through could take it to the next resistance level of 0.9373.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
