AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.76% against the USD to close at 1.0521.
In the Asian session, at GMT0400, the pair is trading at 1.0544, with the AUD trading 0.22% higher from yesterday’s close.
LME Copper prices rose 0.2% or $13.5/MT to $ 8490.3 / MT. Aluminium prices declined marginally or $1.0/MT to $ 2195.3/ MT.
The pair is expected to find support at 1.0475, and a fall through could take it to the next support level of 1.0406. The pair is expected to find its first resistance at 1.0584, and a rise through could take it to the next resistance level of 1.0624.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
