AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.23% against the USD to close at 1.0693.
In the Asian session, at GMT0400, the pair is trading at 1.0736, with the AUD trading 0.40% higher from yesterday’s close, after the Westpac/Melbourne Institute Consumer Sentiment Index in Australia rose by 4.2% to 101.1 in February, from 97.1 in January.
LME Copper prices declined 1.3% or $109.0/MT to $8402.5/ MT. Aluminium prices declined 2.0% or $44.3/MT to $2163.0/ MT.
The pair is expected to find support at 1.0663, and a fall through could take it to the next support level of 1.0591. The pair is expected to find its first resistance at 1.0774, and a rise through could take it to the next resistance level of 1.0813.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
