AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.25% against the USD and closed at 0.7065.
LME Copper prices rose 0.8% or $47.5/MT to $6215.0/MT. Aluminium prices rose 0.5% or $9.5/MT to $1987.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7079, with the AUD trading 0.20% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.7055, and a fall through could take it to the next support level of 0.7032. The pair is expected to find its first resistance at 0.7104, and a rise through could take it to the next resistance level of 0.713.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
