AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 12.38% against the USD and closed at 0.6049.
LME Copper prices rose 0.5% or $21.5/MT to $4,775.5/MT. Aluminium prices remained flat at $1,507.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.6105, with the AUD trading 0.93% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.5957, and a fall through could take it to the next support level of 0.5810. The pair is expected to find its first resistance at 0.6189, and a rise through could take it to the next resistance level of 0.6274.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
