AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.22% against the USD to close at 0.9305.
LME Copper prices rose 1.2% or $ 81.0/MT to $ 7003.0/MT. Aluminium prices rose 1.1% or $ 21.5/MT to $ 2058.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9316, with the AUD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.9267, and a fall through could take it to the next support level of 0.9218. The pair is expected to find its first resistance at 0.9343, and a rise through could take it to the next resistance level of 0.9370.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
