AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 1.26% against the USD to close at 1.0614, as investors sentiment improved, following a rise in the equity markets.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0672, 0.55% higher from yesterday’s close at 23:00 GMT.
LME Copper prices declined 2.0% or $183.0/MT to $9,090.3/ MT. Aluminium prices rose 0.2% or $4.8/MT to $2,328.8/ MT.
The pair is expected to find first short term resistance at 1.0705, with the next resistance levels at 1.0739 and 1.0825, subsequently. The first support for the pair is seen at 1.0619, followed by next supports at 1.0567 and 1.0481 respectively.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
