AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.38% against the USD and closed at 0.7079.
LME Copper prices rose 1.5% or $92.5/MT to $6284.0/MT. Aluminium prices declined 0.9% or $20.0/MT to $2002.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7070, with the AUD trading 0.13% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7048, and a fall through could take it to the next support level of 0.7025. The pair is expected to find its first resistance at 0.7109, and a rise through could take it to the next resistance level of 0.7147.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
