AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 1.08% against the USD to close at 1.0059.
In the Asian session at 4:00GMT, the pair is trading at 1.0056, 0.03% lower from the New York session close.
LME Copper prices declined 0.1% or $6.0/MT to $9,518.5/ MT. Aluminium prices rose 1.1% or $28.8/ MT to $2,536.3/ MT.
The pair is expected to find first short term resistance at 1.0086, with the next resistance levels at 1.0116 and 1.0191, subsequently. The first support for the pair is seen at 1.0011, followed by next supports at 0.9966 and 0.9891 respectively.
With no major release from Australia, the pair is expected to trade on trends in the greenback.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
