AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 13.44% against the USD and closed at 0.5976.
LME Copper prices rose 3.7% or $172.0/MT to $4,789.5/MT. Aluminium prices declined 0.2% or $3.5/MT to $1,532.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.5981, with the AUD trading 0.08% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.5901, and a fall through could take it to the next support level of 0.5820. The pair is expected to find its first resistance at 0.6026, and a rise through could take it to the next resistance level of 0.6070.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
