AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 1.0221.
Australian dollar declined yesterday, in the morning, following RBA’s signal that it would hold interest rates.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0262, 0.40% higher from yesterday’s close at 23:00 GMT.
LME Copper prices declined 0.2% or $17.5/MT to $8,397.3/ MT. Aluminium prices declined 0.2% or $5.8/MT to $2,303.8/ MT.
The pair is expected to find first short term resistance at 1.0303, with the next resistance levels at 1.0344 and 1.0452, subsequently. The first support for the pair is seen at 1.0195, followed by next supports at 1.0128 and 1.0020 respectively.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
