AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.49% against the USD to close at 1.0524.
In the Asian session, at GMT0400, the pair is trading at 1.0486, with the AUD trading 0.36% lower from yesterday’s close.
LME Copper prices rose 1.2% or $102.3/MT to $8332.5/ MT. Aluminium prices rose 0.4% or $9.8/MT to $2193.3/ MT.
The pair is expected to find support at 1.0449, and a fall through could take it to the next support level of 1.0412. The pair is expected to find its first resistance at 1.0548, and a rise through could take it to the next resistance level of 1.0610.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
