AUD/USD: Aussie trading higher this morning


AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD rose 0.15% against the USD and closed at 0.7767 on Friday.

LME Copper prices rose 1.10% or $74.0/MT to $6830.0/MT. Aluminium prices rose 4.71% or $104.5/MT to $2325.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.7775, with the AUD trading 0.10% higher against the USD from Friday’s close.

The pair is expected to find support at 0.7753, and a fall through could take it to the next support level of 0.773. The pair is expected to find its first resistance at 0.7804, and a rise through could take it to the next resistance level of 0.7832.

Moving ahead, investors would focus on the Reserve Bank of Australia’s (RBA) latest meeting minutes, set to release overnight.

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

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