AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.78% against the USD to close at 1.0636.
Australian business confidence fell to 0, a six-month low in June, from +6 previously.
In the Asian session at 3:00GMT, the pair is trading at 1.0594, 0.39% lower from yesterday’s close at 23:00 GMT.
LME Copper prices declined 1.6% or $156.8/MT to $9555.8/ MT. Aluminium prices declined 3.7% or $93.8/MT to $2451.5/ MT.
The pair is expected to find first short term resistance at 1.0686, with the next resistance levels at 1.0778 and 1.0924, subsequently. The first support for the pair is seen at 1.0540, followed by next supports at 1.0486 and 1.0340respectively.
The pair is trading below its 20 Hr and 50 Hr moving averages.
