AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.18% against the USD, on Friday, to close at 1.0229.
In the Asian session, at GMT0400, the pair is trading at 1.0163, with the AUD trading 0.64% lower from Friday’s close.
In Australia, this morning, the AiG Performance of Construction Index rose to 41.0 in December, compared to 39.6 in November. Additionally, retail sales remained unchanged in November at A$20.93 billion.
LME Copper prices rose 0.6% or $44.0/MT to $7,514.5/ MT. Aluminium prices rose 0.8% or $16.3/MT to $2,019.5/ MT.
The pair is expected to find support at 1.0115, and a fall through could take it to the next support level of 1.0066. The pair is expected to find its first resistance at 1.0243, and a rise through could take it to the next resistance level of 1.0322.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
