Sat, Oct 23, 2021 @ 11:06 GMT
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AUD/USD: Aussie Trading On A Stronger Footing This Morning

For the 24 hours to 23:00 GMT, the AUD declined 0.09% against the USD and closed at 0.7620 on Friday.

LME Copper prices declined 0.1% or $8.0/MT to $5782.5/MT. Aluminium prices rose 0.2% or $4.5/MT to $1917.5/MT.

In the Asian session, at GMT0300, the pair is trading at 0.7625, with the AUD trading 0.07% higher against the USD from Friday’s close.

The pair is expected to find support at 0.7605, and a fall through could take it to the next support level of 0.7586. The pair is expected to find its first resistance at 0.7640, and a rise through could take it to the next resistance level of 0.7656.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

GCI Financialhttp://www.gcitrading.com/
DISCLAIMER : GCI's Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.

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