AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD, on Friday, to close at 1.0001.
In the Asian session, at GMT0400, the pair is trading at 0.9973, with the AUD trading 0.28% lower from Friday’s close.
LME Copper prices rose 1.1% or $81.3/MT to $7,582.5/ MT. Aluminium prices rose 0.1% or $1.5/MT to $2,085.5/ MT.
The pair is expected to find support at 0.9908, and a fall through could take it to the next support level of 0.9844. The pair is expected to find its first resistance at 1.0072, and a rise through could take it to the next resistance level of 1.0172.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
