AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD slightly declined against the USD and closed at 0.7908.
LME Copper prices declined 0.4% or $29.0/MT to $6555.0/MT. Aluminium prices declined 1.1% or $22.0/MT to $2082.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7905, with the AUD trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7886, and a fall through could take it to the next support level of 0.7867. The pair is expected to find its first resistance at 0.792, and a rise through could take it to the next resistance level of 0.7935.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
