AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0351, as investor sentiment was dented amid renewed concerns over the worsening of the financial situation in the Euro-zone.
LME Copper prices rose 0.2% or $15.0/MT to $8205.3/MT. Aluminium prices rose 0.7% or $15.3/MT to $2115.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0365, with the AUD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 1.0334, and a fall through could take it to the next support level of 1.0303. The pair is expected to find its first resistance at 1.0387, and a rise through could take it to the next resistance level of 1.0409.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
