AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.71% against the USD to close at 0.6984.
LME Copper prices declined 1.87% or $84.0/MT to $4402.5/MT. Aluminium prices declined 0.30% or $4.5/MT to $1471.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.6984, with the AUD trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 0.6943, and a fall through could take it to the next support level of 0.6902. The pair is expected to find its first resistance at 0.7031, and a rise through could take it to the next resistance level of 0.7078.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
