AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0256, amid a report showing that US unemployment-benefit applications fell to the least since February 2008, boosting risk appetite.
LME Copper prices rose 1.1% or $86.8/MT to $8211.0/MT. Aluminium prices traded flat or $0.8/MT to $1992.3/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0270, with the AUD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 1.0247, and a fall through could take it to the next support level of 1.0225. The pair is expected to find its first resistance at 1.0294, and a rise through could take it to the next resistance level of 1.0317.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
