AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.24% against the USD, on Friday, to close at 1.0654.
In the Asian session, at GMT0400, the pair is trading at 1.0593, with the AUD trading 0.57% lower from Friday’s close.
LME Copper prices rose 0.6% or $52.3/MT to $8,609.8/ MT. Aluminium prices rose 0.4% or $9.5/MT to $2,241.3/ MT.
The pair is expected to find support at 1.0555, and a fall through could take it to the next support level of 1.0517. The pair is expected to find its first resistance at 1.0651, and a rise through could take it to the next resistance level of 1.0708.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
