AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 6.45% against the USD and closed at 0.6459.
LME Copper prices declined 0.9% or $47.5/MT to $5165.5/MT. Aluminium prices marginally fell to $1472.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.6437, with the AUD trading 0.34% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.6419, and a fall through could take it to the next support level of 0.6400. The pair is expected to find its first resistance at 0.6464, and a rise through could take it to the next resistance level of 0.6490.
Moving ahead, investors would keep a watch on Australia’s consumer price index for 1Q2020, slated to release overnight.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
