AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0186.
LME Copper prices rose 0.6% or $50.3/MT to $8183.0/MT. Aluminium prices declined 0.3% or $ 5.8/MT to $ 2040.5/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0212, with the AUD trading 0.26% higher from yesterday?s close.
Today morning, in Australia, the Westpac and Melbourne Institute index of consumer sentiment rose 1.0% to 99.2 in October, compared to a reading of 98.2 in September.
The pair is expected to find support at 1.0176, and a fall through could take it to the next support level of 1.0140. The pair is expected to find its first resistance at 1.0248, and a rise through could take it to the next resistance level of 1.0283.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
This entry was posted in AUD/USD. Bookmark the permalink.Source: http://forexnews.gcitrading.com/currencies/audusd/audusd-trading-higher-this-morning-2.htm
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