AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.29% against the USD and closed at 0.7219.
LME Copper prices rose 0.6% or $36.0/MT to $6246.0/MT. Aluminium prices declined 0.1% or $2.5/MT to $1920.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7226, with the AUD trading 0.10% higher against the USD from yesterday’s close.
Elsewhere in China, Australia’s largest trading partner, industrial profits climbed 3.6% on an annual basis in October, compared to a rise of 4.1% in the prior month.
The pair is expected to find support at 0.7201, and a fall through could take it to the next support level of 0.7175. The pair is expected to find its first resistance at 0.7264, and a rise through could take it to the next resistance level of 0.7301.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
