AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.27% against the USD to close at 0.8875.
LME Copper prices declined 0.69% or $47.0/MT to $6750.0/MT. Aluminium prices declined 0.88% or $17.0/MT to $1922.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.8821, with the AUD trading 0.61% lower from yesterday’s close.
Earlier today, data indicated that, job vacancies in Australia eased 0.7% in August, compared to a rise of 2.5% registered in July.
The pair is expected to find support at 0.8792, and a fall through could take it to the next support level of 0.8764. The pair is expected to find its first resistance at 0.8874, and a rise through could take it to the next resistance level of 0.8928.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
