AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 1.02% against the USD, on Friday, to close at 0.9729.
In Australia, this morning, the Performance of Manufacturing Index (PMI) declined to 42.3 in September, from 43.3 in August.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 0.9634, 0.98% lower from Friday’s close.
LME Copper prices rose 2.2% or $156.0/MT to $7,131.3/ MT. Aluminium prices rose 1.0% or $21.0/MT to $2,206.5/ MT.
The pair is expected to find first short term resistance at 0.9744, with the next resistance levels at 0.9855 and 1.0022, subsequently. The first support for the pair is seen at 0.9577, followed by next supports at 0.9521 and 0.9354 respectively.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
