AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.08% against the USD to close at 0.8081.
On the macro front, Australia’s AiG performance of services index rose to 47.5 in December, compared to a level of 43.8 registered in November.
LME Copper prices declined 0.40% or $25.0/MT to $6191.0/MT. Aluminium prices declined 1.14% or $20.5/MT to $1772.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8078, with the AUD trading a tad lower from yesterday’s close.
The pair is expected to find support at 0.8035, and a fall through could take it to the next support level of 0.7992. The pair is expected to find its first resistance at 0.8141, and a rise through could take it to the next resistance level of 0.8203.
Meanwhile, investors await Australia’s consumer inflation expectation data, scheduled in the early hours tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
