AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 1.09% against the USD to close at 0.9912.
LME Copper prices rose 0.1% or $4.8/MT to $ 7800.0/ MT. Aluminium prices declined 0.6% or $12.5/MT to $ 2003.8/ MT.
In the Asian session, at GMT0300, the pair is trading at 0.9903, with the AUD trading 0.09% lower from yesterday’s close.
This morning, in China, Conference Board leading index rose 0.8% in April to 232.4, at the same pace compared to the prior month.
The pair is expected to find support at 0.9838, and a fall through could take it to the next support level of 0.9774. The pair is expected to find its first resistance at 0.9945, and a rise through could take it to the next resistance level of 0.9986.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
