AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.22% against the USD to close at 0.7352.
LME Copper prices rose 0.12% or $6.0/MT to $5006.5/MT. Aluminium prices declined 0.65% or $10.0/MT to $1522.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7349, with the AUD trading marginally lower from yesterday’s close.
The pair is expected to find support at 0.7314, and a fall through could take it to the next support level of 0.728. The pair is expected to find its first resistance at 0.738, and a rise through could take it to the next resistance level of 0.7411.
Trading trends in AUD today are expected to be determined by global macroeconomic news, amid a lack of any major economic news from Australia.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
