Daily Forex Fundamentals |
Written by GCI Financial |
Jan 12 17 08:38 GMT
AUD/USD: Aussie Trading On A Stronger Footing This Morning
For the 24 hours to 23:00 GMT, the AUD rose 1.02% against the USD and closed at 0.7438.
LME Copper prices rose 1.2% or $67.5/MT to $5709.5/MT. Aluminium prices declined 0.5% or $9.0/MT to $1748.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7462, with the AUD trading 0.32% higher against the USD from yesterday’s close.
The pair is expected to find support at 0.7384, and a fall through could take it to the next support level of 0.7307. The pair is expected to find its first resistance at 0.7505, and a rise through could take it to the next resistance level of 0.7549.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.