AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.39% against the USD to close at 0.7776, extending its previous session gains.
LME Copper prices rose 0.13% or $8.0/MT to $5935.0/MT. Aluminium prices declined 0.66% or $12.0/MT to $1805.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7771, with the AUD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 0.7721, and a fall through could take it to the next support level of 0.7672. The pair is expected to find its first resistance at 0.7810, and a rise through could take it to the next resistance level of 0.7849.
Trading trends in the AUD today are expected to be determined by the US durable goods orders data, scheduled later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
