AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD, on Friday, to close at 1.0535.
In the Asian session at 3:00GMT, the pair is trading at 1.0542, 0.07% higher from Friday’s close at 23:00 GMT.
LME Copper prices rose 0.6% or $50.0/MT to $9,000.3/ MT. Aluminium prices declined 0.8% or $20.8/MT to $2,604.5/ MT.
The pair is expected to find first short term resistance at 1.0616, with the next resistance levels at 1.0691 and 1.0814, subsequently. The first support for the pair is seen at 1.0493, followed by next supports at 1.0445 and 1.0322 respectively.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
