AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.06% against the USD to close at 0.7226.
LME Copper prices declined 0.10% or $4.5/MT to $4596.0/MT. Aluminium prices rose 0.42% or $6.5/MT to $1536.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7235, with the AUD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.7191, and a fall through could take it to the next support level of 0.7148. The pair is expected to find its first resistance at 0.7260, and a rise through could take it to the next resistance level of 0.7286.
Amid no major macroeconomic data release from the nation today, market participants will look forward to Australian employment figures, scheduled to release in the coming week.
The currency pair is trading above its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
