Contributors Fundamental Analysis Aussie Reverses Is Losses In The Asian Session

Aussie Reverses Is Losses In The Asian Session

For the 24 hours to 23:00 GMT, the AUD declined 5.21% against the USD and closed at 0.6544.

LME Copper prices declined 2.7% or $144.5/MT to $5,242.5/MT. Aluminium prices fell 0.9% or $14.0/MT to $1,473.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.6565, with the AUD trading 0.32% higher against the USD from yesterday’s close.

The pair is expected to find support at 0.6532, and a fall through could take it to the next support level of 0.6498. The pair is expected to find its first resistance at 0.6587, and a rise through could take it to the next resistance level of 0.6608.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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