AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD to close at 1.0761.
In the Asian session at 3:00GMT, the pair is trading at 1.0705, 0.52% lower from yesterday’s close at 23:00 GMT.
LME Copper prices declined 0.8% or $78.3/MT to $9,549.3/ MT. Aluminium prices declined 0.4% or $11.0/MT to $2,529.5/ MT.
The pair is expected to find first short term resistance at 1.0769, with the next resistance levels at 1.0834 and 1.0945, subsequently. The first support for the pair is seen at 1.0658, followed by next supports at 1.0612 and 1.0501 respectively.
Reserve Bank Australia (RBA) monetary policy statement is likely to receive increased market attention, along with Australian economic data due to be released later today.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
