AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.45% against the USD and closed at 0.7666.
LME Copper prices declined 0.4% or $19.0/MT to $4775.0/MT. Aluminium prices rose 1.7% or $28.0/MT to $1648.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7664, with the AUD trading marginally lower against the USD from yesterday’s close.
Earlier today, in China, Australia’s largest trading partner, the Westpac MNI consumer sentiment indicator rose to a level of 115.2 in September, notching its highest level since June 2016, after recording a level of 111.5 in the preceding month.
The pair is expected to find support at 0.7634, and a fall through could take it to the next support level of 0.7604. The pair is expected to find its first resistance at 0.7695, and a rise through could take it to the next resistance level of 0.7726.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
