AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.37% against the USD to close at 0.9401, as the latter declined following the releases of a lacklustre US GDP and durable goods orders data.
LME Copper prices declined 0.1% or $8.0/MT to $6890.5/MT. Aluminium prices rose 0.4% or $8.0/MT to $1866.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9399, with the AUD trading slightly lower from yesterday’s close.
The pair is expected to find support at 0.9363, and a fall through could take it to the next support level of 0.9328. The pair is expected to find its first resistance at 0.9425, and a rise through could take it to the next resistance level of 0.9452.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
