AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.09% against the USD and closed at 0.6755.
LME Copper prices declined 1.1% or $61.0/MT to $5684.0/MT. Aluminium prices rose 0.1% or $1.5/MT to $1703.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.6784, with the AUD trading 0.43% higher against the USD from yesterday’s close.
Overnight data showed that Australia’s seasonally adjusted unemployment rate unexpectedly fell to 5.2% in September, defying market expectations for a steady reading.
The pair is expected to find support at 0.6742, and a fall through could take it to the next support level of 0.6699. The pair is expected to find its first resistance at 0.6809, and a rise through could take it to the next resistance level of 0.6833.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
