AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.74% against the USD to close at 1.0344.
LME Copper prices declined marginally or $0.3/MT to $7860.3/MT. Aluminium prices declined 0.3% or $6.5/MT to $1906.8/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0356, with the AUD trading 0.12% higher from yesterday’s close.
Data released today morning indicated that China’s leading economic index rose 0.3% in September to 241.2, following a 1.7% increase in August.
The pair is expected to find support at 1.0309, and a fall through could take it to the next support level of 1.0262. The pair is expected to find its first resistance at 1.0388, and a rise through could take it to the next resistance level of 1.0421.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
