AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.57% against the USD and closed at 0.7365.
In economic news, data showed that Australia’s CB leading indicator rose by 0.5% in September, after recording a flat reading in the prior month.
LME Copper prices rose 1.64% or $89.5/MT to $5535.5/MT. Aluminium prices rose 0.82% or $14.0/MT to $1726.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7397, with the AUD trading 0.43% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.7335, and a fall through could take it to the next support level of 0.7273. The pair is expected to find its first resistance at 0.7429, and a rise through could take it to the next resistance level of 0.7461.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
