AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.25% against the USD and closed at 0.7995.
LME Copper prices declined 2.0% or $144.0/MT to $6905.0/MT. Aluminium prices declined 1.0% or $21.5/MT to $2213.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8001, with the AUD trading 0.08% higher against the USD from yesterday’s close.
Overnight data indicated that Australia’s Westpac leading index recorded a rise of 0.27% on a monthly basis in December, after advancing by a revised 0.05% in the previous month.
The pair is expected to find support at 0.7968, and a fall through could take it to the next support level of 0.7935. The pair is expected to find its first resistance at 0.8023, and a rise through could take it to the next resistance level of 0.8045.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
