AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.1% against the USD and closed at 0.7659.
LME Copper prices declined 0.01% or $1.0/MT to $6845.0/MT. Aluminium prices rose 0.7% or $13.5/MT to $2061.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7657, with the AUD trading marginally lower against the USD from yesterday’s close.
Overnight data revealed that Australia’s Westpac leading index registered a rise of 0.10% on a monthly basis in November, after recording a revised rise of 0.14% in the previous month.
The pair is expected to find support at 0.7641, and a fall through could take it to the next support level of 0.7624. The pair is expected to find its first resistance at 0.7679, and a rise through could take it to the next resistance level of 0.7700.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
