AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.44% against the USD and closed at 0.7962 on Friday.
LME Copper prices declined 0.04% or $2.5/MT to $6405.0/MT. Aluminium prices declined 0.8% or $17.0/MT to $2137.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7956, with the AUD trading 0.08% lower against the USD from Friday’s close.
The pair is expected to find support at 0.7917, and a fall through could take it to the next support level of 0.7879. The pair is expected to find its first resistance at 0.7990, and a rise through could take it to the next resistance level of 0.8025.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
