AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened marginally declined against the USD to close at 0.7277.
LME Copper prices declined 0.66% or $34.5/MT to $5190.0/MT. Aluminium prices rose 0.38% or $6.0/MT to $1600.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7298, with the AUD trading 0.3% higher from yesterday’s close.
The pair is expected to find support at 0.7261, and a fall through could take it to the next support level of 0.7224. The pair is expected to find its first resistance at 0.7331, and a rise through could take it to the next resistance level of 0.7364.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
