AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.53% against the USD and closed at 0.7933 on Friday.
LME Copper prices declined 0.1% or $8.0/MT to $6452.0/MT. Aluminium prices rose 0.4% or $8.5/MT to $2104.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7931, with the AUD trading a tad lower against the USD from Friday’s close.
The pair is expected to find support at 0.7896, and a fall through could take it to the next support level of 0.7861. The pair is expected to find its first resistance at 0.7955, and a rise through could take it to the next resistance level of 0.7979.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
