AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.29% against the USD and closed at 0.8030.
LME Copper prices rose 0.4% or $28.0/MT to $6520.0/MT. Aluminium prices rose 2.7% or $56.5/MT to $2164.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.8003, with the AUD trading 0.34% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7959, and a fall through could take it to the next support level of 0.7914. The pair is expected to find its first resistance at 0.8075, and a rise through could take it to the next resistance level of 0.8146.
Moving ahead, a speech by the Reserve Bank of Australia’s (RBA) Governor, Philip Lowe, due in a while, will be eyed by investors.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
