AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.20% against the USD to close at 1.0193.
LME Copper prices declined 0.4% or $34.0/MT to $7606.3/MT. Aluminium prices rose marginally or $0.5/MT to $1927.8/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0220, with the AUD trading 0.26% higher from yesterday’s close, after unemployment rate in Australia fell to 5.1% in August from 5.2% in July.
The pair is expected to find support at 1.0182, and a fall through could take it to the next support level of 1.0144. The pair is expected to find its first resistance at 1.0243, and a rise through could take it to the next resistance level of 1.0266.
The pair is expected to take cues by the release of AiG performance of construction index in Australia.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
