AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.05% against the USD and closed at 0.7285 on Friday.
LME Copper prices rose 2.4% or $146.0/MT to $6203.0/MT. Aluminium prices rose 0.8% or $15.5/MT to $2034.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7269, with the AUD trading 0.22% lower against the USD from Friday’s close.
The pair is expected to find support at 0.7253, and a fall through could take it to the next support level of 0.7238. The pair is expected to find its first resistance at 0.7294, and a rise through could take it to the next resistance level of 0.7320.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
