AUDUSD Movement
On Friday, the AUD weakened 0.13% against the USD to close at 1.0281.
LME Copper prices rose 0.2% or $12.5/MT to $6975.0/MT. Aluminium prices declined 0.1% or $2.5/MT to $1871.5/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0302, with the AUD trading 0.20% higher from Friday’s close.
The pair is expected to find support at 1.0258, and a fall through could take it to the next support level of 1.0213. The pair is expected to find its first resistance at 1.0354, and a rise through could take it to the next resistance level of 1.0405.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
