AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.51% against the USD to close at 1.0290.
In the Asian session at 3:00GMT, the pair is trading at 1.0279, 0.11% lower from the New York session close.
LME Copper prices declined 1.0% or $95.3/MT to $9,449.5/ MT. Aluminium prices rose 0.3% or $7.5/ MT to $2,591.5/ MT.
The pair is expected to find first short term resistance at 1.0332, with the next resistance levels at 1.0384 and 1.0503, subsequently. The first support for the pair is seen at 1.0213, followed by next supports at 1.0146 and 1.0027 respectively.
Trading trends in the pair are expected to be determined by data release on retail sales and private sector credit in Australia.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
