AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.30% against the USD to close at 1.0433.
The Australian Bureau of Statistics reported that the third quarter Consumer Price Index rose 3.5% (Y-o-Y) and 0.6% (Q-o-Q), down from 3.6% and 0.9%, respectively in the previous quarter.
In the Asian session, at GMT0300, the pair is trading at 1.0370 with the AUD trading 0.60% lower from yesterday’s close.
LME Copper prices rose 2.8% or $210.0/MT to $7590.3/ MT. Aluminium prices rose 1.7% or $36.3/MT to $2194.5 / MT.
The pair is expected to find support at 1.0320, and a fall through could take it to the next support level of 1.0269. The pair is expected to find its first resistance at 1.0459, and a rise through could take it to the next resistance level of 1.0547.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
