AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 1.13% against the USD to close at 1.0171, amid a broad dollar strength.
In the Asian session, at GMT0400, the pair is trading at 1.0102, with the AUD trading 0.68% lower from yesterday’s close.
LME Copper prices declined 0.1% or $8.5/MT to $7,800.3/ MT. Aluminium prices declined 2.0% or $42.5/MT to $2,059.3/ MT.
The pair is expected to find support at 1.0001, and a fall through could take it to the next support level of 0.9901. The pair is expected to find its first resistance at 1.0291, and a rise through could take it to the next resistance level of 1.0481.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
