Aussie Extends Its Gains In The Asian Session
GCI Financial | May 22, 2015 01:45AM ET
For the 24 hours to 23:00 GMT, the AUD strengthened 0.34% against the USD to close at 0.7899.
LME Copper prices rose 0.52% or $32.0/MT to $6240.0/MT. Aluminium prices declined 0.74% or $13.0/MT to $1736.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7914, with the AUD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 0.7880, and a fall through could take it to the next support level of 0.7847. The pair is expected to find its first resistance at 0.7934, and a rise through could take it to the next resistance level of 0.7954.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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