AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 1.0276.
LME Copper prices rose 1.8% or $124.5/MT to $6935.5/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1871.0/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0317, with the AUD trading 0.40% higher from yesterday’s close.
The pair is expected to find support at 1.0256, and a fall through could take it to the next support level of 1.0196. The pair is expected to find its first resistance at 1.0351, and a rise through could take it to the next resistance level of 1.0386.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
