AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD marginally declined against the USD and closed at 0.7249.
LME Copper prices declined 0.7% or $44.0/MT to $6276.0/MT. Aluminium prices declined 0.7% or $15.0/MT to $2020.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7277, with the AUD trading 0.39% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.7248, and a fall through could take it to the next support level of 0.7218. The pair is expected to find its first resistance at 0.7295, and a rise through could take it to the next resistance level of 0.7312.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
