AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.97% against the USD to close at 0.8758, hurt by a lacklustre manufacturing PMI data from China, its largest trading partner.
LME Copper prices declined 0.6% or $42.0/MT to $7285.0/MT. Aluminium prices fell 0.9% or $15.0/MT to $1732.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8717, with the AUD trading 0.47% lower from yesterday’s close.
The pair is expected to find support at 0.8675, and a fall through could take it to the next support level of 0.8634. The pair is expected to find its first resistance at 0.8787, and a rise through could take it to the next resistance level of 0.8858.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
