AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.26% against the USD and closed at 0.7252.
LME Copper prices rose 1.9% or $117.0/MT to $6320.0/MT. Aluminium prices rose 0.1% or $1.0/MT to $2035.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7244, with the AUD trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7228, and a fall through could take it to the next support level of 0.7211. The pair is expected to find its first resistance at 0.7270, and a rise through could take it to the next resistance level of 0.7295.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
