AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 1.83% against the USD, on Friday, to close at 1.0341.
In the Asian session, at GMT0300, the pair is trading at 1.0312, with the AUD trading 0.28% lower from Friday’s close.
LME Copper prices rose 2.4% or $172.5/MT to $7,500.30/ MT. Aluminium prices declined 0.3% or $7.3/MT to $2,170.5/ MT.
The pair is expected to find support at 1.0203, and a fall through could take it to the next support level of 1.0093. The pair is expected to find its first resistance at 1.0384, and a rise through could take it to the next resistance level of 1.0455.
Reserve Bank of Australia (RBA) policy meeting minutes is likely to receive increased market attention today.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
