AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD traded a tad lower against the USD to close at 0.9343
LME Copper prices rose 0.58% or $40.0/MT to $6967.0/MT. Aluminium prices rose 0.34% or $7.0/MT to $2085.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9339, with the AUD trading marginally lower from yesterday’s close.
Earlier today, data indicated that the AIG performance of construction index in Australia recorded a rise to 55.0 in August, from 52.6 registered in the previous month.
The pair is expected to find support at 0.9314, and a fall through could take it to the next support level of 0.9289. The pair is expected to find its first resistance at 0.9379, and a rise through could take it to the next resistance level of 0.9419.
Amid a light economic calendar from Australia today, investors would pay attention to global news.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
