AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.66% against the USD to close at 1.1031.
In the Asian session at 3:00GMT, the pair is trading at 1.1030, marginally lower from yesterday’s close at 23:00 GMT.
LME Copper prices declined 0.4% or $42.0/MT to $9,735.5/ MT. Aluminium prices rose 0.4% or $9.8/MT to $2,622.3/ MT.
The pair is expected to find first short term resistance at 1.1075, with the next resistance levels at 1.1121 and 1.1206, subsequently. The first support for the pair is seen at 1.0990, followed by next supports at 1.0951 and 1.0866 respectively.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
