AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 1.0600.
In the morning economic news, the Westpac consumer confidence in Australia declined 8.3% in July to 92.8, down from 101.2 in June.
In the Asian session at 3:00GMT, the pair is trading at 1.0626, 0.25% higher from yesterday’s close at 23:00 GMT.
LME Copper prices declined 0.6% or $55.5/MT to $9,500.3/ MT. Aluminium prices declined 0.3% or $8.0/MT to $2,443.5/ MT.
The pair is expected to find first short term resistance at 1.0672, with the next resistance levels at 1.0718 and 1.0837, subsequently. The first support for the pair is seen at 1.0553, followed by next supports at 1.0480 and 1.0361 respectively.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
