AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.50% against the USD to close at 0.7543.
On Thursday, LME Copper prices declined 2.56% or $129.5/MT to $4931.0/MT. Aluminium prices declined 0.71% or $10.5/MT to $1469.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7563, with the AUD trading 0.26% higher from yesterday’s close.
The pair is expected to find support at 0.7517, and a fall through could take it to the next support level of 0.7472. The pair is expected to find its first resistance at 0.7588, and a rise through could take it to the next resistance level of 0.7613.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
