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.
