AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.41% against the USD to close at 0.7714.
LME Copper prices declined 0.20% or $10.0/MT to $5015.5/MT. Aluminium prices rose 0.43% or $7.0/MT to $1635.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7698, with the AUD trading 0.2% lower from Friday’s close.
The pair is expected to find support at 0.7668, and a fall through could take it to the next support level of 0.7637. The pair is expected to find its first resistance at 0.7752, and a rise through could take it to the next resistance level of 0.7807.
On account of a holiday observed in Australia today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
