AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.08% against the USD to close at 0.7830.
LME Copper prices rose 1.56% or $95.5/MT to $6230.0/MT. Aluminium prices rose 1.11% or $19.5/MT to $1783.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7801, with the AUD trading 0.38% lower from yesterday’s close.
The pair is expected to find support at 0.7766, and a fall through could take it to the next support level of 0.7732. The pair is expected to find its first resistance at 0.7861, and a rise through could take it to the next resistance level of 0.7921.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
