AUDUSD Movement
For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.67% against the USD to close at 1.0464, on broad dollar weakness.
In the Asian session, at GMT0300, the pair is trading at 1.0456, with the AUD trading 0.08% lower from Friday’s close.
LME Copper prices rose 1.0% or $80.3/MT to $8400.0/ MT. Aluminium prices declined 0.4% or $8.5/MT to $2130.8/ MT.
The pair is expected to find support at 1.0388, and a fall through could take it to the next support level of 1.032. The pair is expected to find its first resistance at 1.0508, and a rise through could take it to the next resistance level of 1.0560.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
