AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.22% against the USD, on Friday, to close at 0.9701.
In the Asian session, at GMT0400, the pair is trading at 0.9835, with the AUD trading 1.38% higher from Friday’s close.
LME Copper prices declined 1.0% or $75.0/MT to $7,196.5/ MT. Aluminium prices declined 0.7% or $14.5/MT to $1,988.0/ MT.
The pair is expected to find support at 0.9705, and a fall through could take it to the next support level of 0.9576. The pair is expected to find its first resistance at 0.9926, and a rise through could take it to the next resistance level of 1.0017.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
