AUDUSD Movement
On Friday, the AUD weakened 0.60% against the USD to close at 0.8930.
LME Copper prices declined 0.74% or $51.5/MT to $6868.5/MT. Aluminium prices declined 0.03% or $0.5/MT to $1949.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.8943, with the AUD trading 0.15% higher from Friday’s close.
The pair is expected to find support at 0.891, and a fall through could take it to the next support level of 0.8877. The pair is expected to find its first resistance at 0.8986, and a rise through could take it to the next resistance level of 0.9029.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
