AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.51% against the USD to close at 0.7802, reversing its earlier session gains.
LME Copper prices declined 0.88% or $50.0/MT to $5657.0/MT. Aluminium prices declined 1.34% or $-24.0/MT to $1772.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7769, with the AUD trading 0.42% lower from yesterday’s close.
The pair is expected to find support at 0.7740, and a fall through could take it to the next support level of 0.7711. The pair is expected to find its first resistance at 0.7820, and a rise through could take it to the next resistance level of 0.7872.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
