AUD/USD: Aussie trading flat, ahead of RBA’s meeting minutes


AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD declined 0.62% against the USD and closed at 0.7178 on Friday.

LME Copper prices declined 1.5% or $92.0/MT to $6104.0/MT. Aluminium prices declined 0.8% or $16.0/MT to $1908.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7178, with the AUD trading flat against the USD from Friday’s close.

The pair is expected to find support at 0.7155, and a fall through could take it to the next support level of 0.7131. The pair is expected to find its first resistance at 0.7198, and a rise through could take it to the next resistance level of 0.7217.

Looking ahead, investors would await the Reserve Bank of Australia’s meeting minutes for December, slated to release in the early hours tomorrow.

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

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