AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9455.
LME Copper prices declined 1.2% or $84.0/MT to $7036.0/MT. Aluminium prices declined 1.9% or $35.5/MT to $1848.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9467, with the AUD trading 0.13% higher from yesterday’s close, after Australia’s Westpac consumer confidence index advanced 4.7% to a reading of 102.2 in June, compared to a decline of 7.0% in the previous month.
The pair is expected to find support at 0.9361, and a fall through could take it to the next support level of 0.9255. The pair is expected to find its first resistance at 0.9536, and a rise through could take it to the next resistance level of 0.9605.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
