AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.89% against the USD and closed at 0.7791.
LME Copper prices rose 0.9% or $58.0/MT to $6511.0/MT. Aluminium prices declined 0.7% or $15.5/MT to $2124.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7761, with the AUD trading 0.39% lower against the USD from yesterday’s close.
Overnight data indicated that Australia’s AiG performance of construction index declined to a level of 54.7 in September, after recording a reading of 55.3 in the prior month.
The pair is expected to find support at 0.7735, and a fall through could take it to the next support level of 0.7708. The pair is expected to find its first resistance at 0.7813, and a rise through could take it to the next resistance level of 0.7864.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
