AUDUSD Movement
For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.31% against the USD to close at 1.0412.
LME Copper prices rose 0.3% or $24.0/MT to $8059.8/MT. Aluminium prices rose 0.8% or $15.5/MT to $2042.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0418, with the AUD trading marginally higher from Friday’s close. Activity thin this morning with Australian markets closed for a National Holiday.
The pair is expected to find support at 1.0390, and a fall through could take it to the next support level of 1.0361. The pair is expected to find its first resistance at 1.0459, and a rise through could take it to the next resistance level of 1.0499.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
