AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.39% against the USD and closed at 0.7699 on Friday.
LME Copper prices declined 0.4% or $22.0/MT to $5889.0/MT. Aluminium prices rose 0.3% or $6.0/MT to $1901.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7717, with the AUD trading 0.23% higher against the USD from Friday’s close.
The pair is expected to find support at 0.7678, and a fall through could take it to the next support level of 0.7639. The pair is expected to find its first resistance at 0.7740, and a rise through could take it to the next resistance level of 0.7763.
Going ahead, investors will keep a close watch on Australia’s CB leading indicator for January, scheduled to release later today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
