AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 0.9048.
LME Copper prices rose 0.3% or $22.0/MT to $7305.5/MT. Aluminium prices remained steady and ended the day at previous day’s close of $1716.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.9030, with the AUD trading 0.20% lower from yesterday’s close.
The pair is expected to find support at 0.9004, and a fall through could take it to the next support level of 0.8978. The pair is expected to find its first resistance at 0.9072, and a rise through could take it to the next resistance level of 0.9114.
As there are no major economic releases in Australia, market participants would focus on Australian employment data, due on Thursday.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
