AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.08% against the USD to close at 0.8759.
LME Copper prices declined 0.18% or $12.0/MT to $6718.5/MT. Aluminium prices rose 0.23% or $4.5/MT to $1984.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.8738, with the AUD trading 0.24% lower from yesterday’s close.
Earlier today, in China, Australia’s biggest trading partner, data indicated that the leading economic index rose 0.9% in September, after registering a rise of 0.7% in August. Meanwhile, house price index slid 1.3% on an annual basis in September. It had risen 0.5% in the prior month.
The pair is expected to find support at 0.8701, and a fall through could take it to the next support level of 0.8665. The pair is expected to find its first resistance at 0.8791, and a rise through could take it to the next resistance level of 0.8845.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
