AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 1.13% against the USD to close at 1.0214.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0237, 0.23% higher from yesterday’s close at 23:00 GMT, amid release of consumer inflation data.
In the economic news, this morning, consumer inflation expectation in Australia rose to 2.8% in September, from 2.7% in the previous month.
LME Copper prices declined 0.4% or $38.0/MT to $8,719.3/ MT. Aluminium prices declined 1.1% or $25.0/MT to $2,329.3/ MT.
The pair is expected to find first short term resistance at 1.0324, with the next resistance levels at 1.0410 and 1.0571, subsequently. The first support for the pair is seen at 1.0163, followed by next supports at 1.0088 and 0.9927 respectively.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
