AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.08% against the USD to close at 0.9457.
LME Copper prices eased 0.4% or $28.5/MT to $7112.5/MT. Aluminium prices declined 1.1% or $20.5/MT to $1818.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9476, with the AUD trading 0.20% higher from yesterday’s close.
The pair is expected to find support at 0.9414, and a fall through could take it to the next support level of 0.9352. The pair is expected to find its first resistance at 0.9512, and a rise through could take it to the next resistance level of 0.9548.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
