AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 1.17% against the USD and closed at 0.7208.
LME Copper prices rose 0.03% or $2.0/MT to $6262.0/MT. Aluminium prices rose 0.5% or $9.0/MT to $1927.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7234, with the AUD trading 0.36% higher against the USD from yesterday’s close.
Overnight data showed that, Australia’s Westpac leading index rebounded 0.08% on a monthly basis in October. In the previous month, the index had recorded a revised fall of 0.02%.
The pair is expected to find support at 0.7191, and a fall through could take it to the next support level of 0.7149. The pair is expected to find its first resistance at 0.7288, and a rise through could take it to the next resistance level of 0.7343.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
