Contributors Fundamental Analysis AUD/USD: Aussie Trading On A Weaker Footing This Morning

AUD/USD: Aussie Trading On A Weaker Footing This Morning

For the 24 hours to 23:00 GMT, the AUD declined 0.14% against the USD and closed at 0.7669.

LME Copper prices declined 0.9% or $53.5/MT to $5712.0/MT. Aluminium prices declined 0.4% or $8.0/MT to $1910.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7658, with the AUD trading 0.14% lower against the USD from yesterday’s close.

The pair is expected to find support at 0.7635, and a fall through could take it to the next support level of 0.7611. The pair is expected to find its first resistance at 0.7683, and a rise through could take it to the next resistance level of 0.7707.

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

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version