AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.26% against the USD to close at 1.0564.
LME Copper prices declined 0.5% or $41.0/MT to $8029.8/MT. Aluminium prices declined 0.7% or $14.5/MT to $2062.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0546, with the AUD trading 0.17% lower from yesterday’s close.
The pair is expected to find support at 1.0532, and a fall through could take it to the next support level of 1.0518. The pair is expected to find its first resistance at 1.0569, and a rise through could take it to the next resistance level of 1.0591.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
