AUDUSD Movement
On Friday, the AUD strengthened 0.13% against the USD to close at 0.7028.
LME Copper prices rose 1.03% or $52.0/MT to $5098.0/MT. Aluminium prices rose 0.38% or $6.0/MT to $1566.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7035, with the AUD trading 0.1% higher from Friday’s close.
The pair is expected to find support at 0.7002, and a fall through could take it to the next support level of 0.6969. The pair is expected to find its first resistance at 0.7056, and a rise through could take it to the next resistance level of 0.7077.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
