AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.22% against the USD and closed at 0.7670 on Friday.
LME Copper prices declined 1.9% or $132.5/MT to $6831.5/MT. Aluminium prices declined 2.5% or $55.0/MT to $2119.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7676, with the AUD trading 0.08% higher from Friday’s close.
The pair is expected to find support at 0.7640, and a fall through could take it to the next support level of 0.7604. The pair is expected to find its first resistance at 0.7697, and a rise through could take it to the next resistance level of 0.7718.
Investors will now closely assess Australia’s HIA new homes sales and private sector credit data, both for September, due overnight.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
