On Friday, for the 24 hours to 23:00 GMT, AUD weakened 0.35% against the USD to close at 1.0714.
In the Asian session, at GMT0400, the pair is trading at 1.0781, with the AUD trading 0.62% higher from Friday’s close, after China’s central bank cut the reserve requirement on Chinese banks.
LME Copper prices rose 2.0% or $160.5/MT to $ 8369.8 / MT. Aluminium prices rose 0.5% or $10.5/MT to $ 2127.3 / MT.
The pair is expected to find support at 1.0707, and a fall through could take it to the next support level of 1.0634. The pair is expected to find its first resistance at 1.0835, and a rise through could take it to the next resistance level of 1.0889.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.