AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 1.0191.
LME Copper prices rose 1.2% or $88.5/MT to $7326.0/MT. Aluminium prices rose 2.4% or $45.00/MT to $1886.5/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0252, with the AUD trading 0.60% higher from yesterday’s close, after unemployment rate in Australia dropped to a seasonally adjusted 5.5% in April, from 5.6% recorded in the previous month. Also, the number of people employed increased by a seasonally adjusted 50,100 in April, against market expectations for a rise of 12,000 people.
The pair is expected to find support at 1.0189, and a fall through could take it to the next support level of 1.0125. The pair is expected to find its first resistance at 1.0286, and a rise through could take it to the next resistance level of 1.0319.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
