AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.45% against the USD and closed at 0.7110.
LME Copper prices declined 0.7% or $47.0/MT to $6328.0/MT. Aluminium prices declined 0.6% or $11.0/MT to $1856.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7120, with the AUD trading 0.14% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.7086, and a fall through could take it to the next support level of 0.7053. The pair is expected to find its first resistance at 0.7140, and a rise through could take it to the next resistance level of 0.7161.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
