AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 0.9146.
LME Copper prices declined 0.1% or $8.5/MT to $7272.5/MT. Aluminium prices declined 0.2% or $4.5/MT to $1835.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9174, with the AUD trading 0.31% higher from yesterday’s close.
In Australia, consumer inflation expectation rose 2.3% in August, compared to a 2.6% rise in July.
The pair is expected to find support at 0.9111, and a fall through could take it to the next support level of 0.9048. The pair is expected to find its first resistance at 0.9210, and a rise through could take it to the next resistance level of 0.9246.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
