AUD/USD: Aussie extends its losses in the morning session

AUD/USD: Aussie extends its losses in the morning session

AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD declined 4.94% against the USD and closed at 0.6563.

LME Copper prices rose 1.0% or $54.0/MT to $5,387.0/MT. Aluminium prices climbed 2.3% or $33.0/MT to $1,487.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.6549, with the AUD trading 0.21% lower against the USD from yesterday’s close.

The pair is expected to find support at 0.6528, and a fall through could take it to the next support level of 0.6507. The pair is expected to find its first resistance at 0.6584, and a rise through could take it to the next resistance level of 0.6619.

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

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