AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.81% against the USD to close at 0.7191.
Yesterday, the RBA Assistant Governor, Guy Debelle, stated that the financial markets should remain prepared for a rate hike by the Fed and added that bond market investor will need to be prepared for a decline in liquidity.
LME Copper prices rose 1.13% or $60.0/MT to $5350.0/MT. Aluminium prices declined 0.12% or $2.0/MT to $1598.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7201, with the AUD trading 0.13% higher from yesterday’s close.
The pair is expected to find support at 0.715, and a fall through could take it to the next support level of 0.7099. The pair is expected to find its first resistance at 0.723, and a rise through could take it to the next resistance level of 0.726.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
