AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 1.09% against the USD to close at 0.9903, on broad dollar strength.
In the Asian session, at GMT0400, the pair is trading at 0.9898, with the AUD trading 0.06% lower from yesterday’s close.
In Australia, this morning, the consumer inflationary expectations decreased to 2.4% in December, from 2.5% in November.
LME Copper prices declined 3.1% or $235.8/MT to $7,349.8/ MT. Aluminium prices declined 2.2% or $44.8/MT to $1,975.8/ MT.
The pair is expected to find support at 0.9838, and a fall through could take it to the next support level of 0.9777. The pair is expected to find its first resistance at 1.0002, and a rise through could take it to the next resistance level of 1.0105.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
