AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD remained flat against the USD to close at 0.7232.
In economic news, Australia’s CB leading indicator dropped 0.1% in October, after dipping by a revised 0.3% in the preceding month.
LME Copper prices rose 0.16% or $7.5/MT to $4680.0/MT. Aluminium prices rose 1.38% or $21.0/MT to $1539.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7248, with the AUD trading 0.22% higher from yesterday’s close.
The pair is expected to find support at 0.7217, and a fall through could take it to the next support level of 0.7187. The pair is expected to find its first resistance at 0.7270, and a rise through could take it to the next resistance level of 0.7293.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
