AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.37% against the USD to close at 0.8166.
LME Copper prices rose 1.58% or $89.5/MT to $5760.5/MT. Aluminium prices rose 0.27% or $5.0/MT to $1830.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8207, with the AUD trading 0.5% higher from yesterday’s close.
Early morning data indicated that Australia’s Westpac consumer confidence index registered a level of 93.2 in January, up from previous month’s reading of 91.1.
The pair is expected to find support at 0.8168, and a fall through could take it to the next support level of 0.8128. The pair is expected to find its first resistance at 0.8233, and a rise through could take it to the next resistance level of 0.8259.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
