AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.31% against the USD to close at 1.0314.
In the Asian session, at GMT0400, the pair is trading at 1.0388, with the AUD trading 0.72% higher from yesterday’s close, after China’s gross domestic product rose more than forecasted.
LME Copper prices rose 0.5% or $10.8/MT to $2120.5/ MT. Aluminium prices rose 0.7% or $55.3 /MT to $8020.5/ MT.
The pair is expected to find support at 1.0310, and a fall through could take it to the next support level of 1.0231. The pair is expected to find its first resistance at 1.0430, and a rise through could take it to the next resistance level of 1.0473.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
