AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.25% against the USD to close at 1.0496 on Friday.
In the Asian session at 3:00GMT, the Australian Dollar is trading at 1.0623, 1.21% higher from Friday’s close at 23:00 GMT.
LME Copper prices rose 2.1% or $183.0/MT to $9,090.3/ MT. Aluminium prices declined 0.2% or $4.8/MT to $2,328.8/ MT.
The pair is expected to find first short term resistance at 1.0682, with the next resistance levels at 1.0740 and 1.0909, subsequently. The first support for the pair is seen at 1.0513, followed by next supports at 1.0402 and 1.0233 respectively.
The currency pair is trading well above its 20 Hr and its 50 Hr moving averages.
