For the 24 hours to 23:00 GMT, the AUD declined 3.26% against the USD and closed at 0.6717.

LME Copper prices fell 0.5% or $31.0/MT to $5,716.0/MT. Aluminium prices declined 0.3% or $5.5/MT to $1,701.5/MT.

In the Asian session, at GMT0400, the pair is trading at 0.6721, with the AUD trading 0.06% higher against the USD from yesterday’s close.

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The pair is expected to find support at 0.6706, and a fall through could take it to the next support level of 0.6690. The pair is expected to find its first resistance at 0.6741, and a rise through could take it to the next resistance level of 0.6760.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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