AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 0.9399. The US Dollar continued to face pressure from a US government shutdown, which extended for a third day, with no signs of resolution in the near future.
LME Copper prices rose 0.8% or $59.5/MT to $7215.5/MT. Aluminium prices advanced 0.7% or $12.0/MT to $1785.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9435, with the AUD trading 0.38% higher from yesterday’s close.
The pair is expected to find support at 0.9390, and a fall through could take it to the next support level of 0.9345. The pair is expected to find its first resistance at 0.9462, and a rise through could take it to the next resistance level of 0.9489.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
