AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.23% against the USD to close at 1.0404.
LME Copper prices declined 0.1% or $6.5/MT to $7654.3/MT. Aluminium prices rose 0.7% or $13.8/MT to $1900.5/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0410, with the AUD trading marginally higher from yesterday’s close.
Today morning, Australia’s unemployment rate unexpectedly stood at 5.4% in October, unchanged from the rate in the previous month.
The pair is expected to find support at 1.0373, and a fall through could take it to the next support level of 1.0335. The pair is expected to find its first resistance at 1.0464, and a rise through could take it to the next resistance level of 1.0518.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
