Aussie Trading Higher This Morning
GCI Financial | Apr 08, 2015 03:51AM ET
For the 24 hours to 23:00 GMT, the AUD strengthened 0.60% against the USD to close at 0.7641.
LME Copper prices rose 0.66% or $39.5/MT to $6041.0/MT. Aluminium prices rose 0.82% or $14.5/MT to $1785.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.765, with the AUD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.7592, and a fall through could take it to the next support level of 0.7534. The pair is expected to find its first resistance at 0.7710, and a rise through could take it to the next resistance level of 0.7771.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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