AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.24% against the USD and closed at 0.7579.
LME Copper prices declined 0.2% or $13.5/MT to $5673.5/MT. Aluminium prices rose 1.5% or $27.5/MT to $1889.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7574, with the AUD trading 0.07% lower against the USD from yesterday’s close.
Overnight data revealed that Australia’s Westpac leading index fell 0.02% MoM in May. In the previous month, the index had registered a revised drop of 0.08%.
The pair is expected to find support at 0.7550, and a fall through could take it to the next support level of 0.7526. The pair is expected to find its first resistance at 0.7611, and a rise through could take it to the next resistance level of 0.7648.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
