AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 1.0724.
In the Asian session at 3:00GMT, the pair is trading at 1.0737, 0.12% higher from yesterday’s close at 23:00 GMT.
LME Copper prices traded flat at $9,654.8/ MT. Aluminium prices rose 1.1% or $26.3/MT to $2,476.5/ MT.
The pair is expected to find first short term resistance at 1.0785, with the next resistance levels at 1.0832 and 1.0925, subsequently. The first support for the pair is seen at 1.0692, followed by next supports at 1.0646 and 1.0553 respectively.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
