AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD marginally declined against the USD and closed at 0.7138.
LME Copper prices declined 0.9% or $61.0/MT to $6448.0/MT. Aluminium prices declined 0.1% or $1.5/MT to $1839.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7129, with the AUD trading 0.13% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7119, and a fall through could take it to the next support level of 0.7110. The pair is expected to find its first resistance at 0.7141, and a rise through could take it to the next resistance level of 0.7154.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
