Cozforex: For the past trading session to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0256, during a report showing that US unemployment-benefit applications fell to the least since February 2008, boosting risk appetite.

In the Asian session, the pair is trading at 1.0270, with the AUD trading 0.14% higher from yesterday’s close.
LME Copper prices rise 1.1% or $86.8/MT to $8211.0/MT. Aluminium prices traded flat or $0.8/MT to $1992.3/MT.

Technically, the AUD/USD are predicted to find its first resistance at 1.0294, and a rose through could take it to the next resistance line of 1.0317. Also, the pair is predicted to find support at 1.0247, and a fell through could take it to the next support line of 1.0225.

The currency pair is trading between its 20 Hours and 50 Hours moving averages. (Cozforex UK)

Coz Forex Chart:

AUDUSD, 151012.jpg