AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.24% against the USD to close at 0.8121.
LME Copper prices rose 1.20% or $76.0/MT to $6426.5/MT. Aluminium prices declined 0.56% or $10.5/MT to $1878.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8125, with the AUD trading marginally higher from yesterday’s close.
On the macro front, in China, Australia’s biggest trading partner, the leading economic index climbed 0.9% in November, following a revised rise of 0.8% recorded in the preceding month.
The pair is expected to find support at 0.8102, and a fall through could take it to the next support level of 0.8079. The pair is expected to find its first resistance at 0.8162, and a rise through could take it to the next resistance level of 0.8199.
Looking ahead, investors would monitor Australia’s CB Leading indicator data, scheduled overnight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
