AUD/USD: Aussie trading a tad higher this morning

AUDUSD

AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD strengthened 1.74% against the USD to close at 0.8120, extending its previous session gains.

LME Copper prices declined 0.50% or $32.0/MT to $6416.0/MT. Aluminium prices rose 0.27% or $5.0/MT to $1860.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.812, with the AUD trading marginally higher from yesterday’s close.

The pair is expected to find support at 0.8001, and a fall through could take it to the next support level of 0.7881. The pair is expected to find its first resistance at 0.8202, and a rise through could take it to the next resistance level of 0.8284.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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