AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.13% against the USD to close at 0.7134.
LME Copper prices declined 0.64% or $34.0/MT to $5290.0/MT. Aluminium prices rose 0.09% or $1.5/MT to $1600.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7138, with the AUD trading 0.06% higher from yesterday’s close.
Earlier today, data showed that Australia’s Westpac leading index fell 0.3% on a monthly basis in August, following a revised gain of 0.1% in July.
The pair is expected to find support at 0.7097, and a fall through could take it to the next support level of 0.7057. The pair is expected to find its first resistance at 0.7166, and a rise through could take it to the next resistance level of 0.7194.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
