AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.95% against the USD and closed at 0.6877 on Friday.
LME Copper prices declined 0.4% or $24.0/MT to $6,276.5/MT. Aluminium prices rose 0.1% or $2.0/MT to $1796.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.6883, with the AUD trading 0.09% higher against the USD from Friday’s close.
Elsewhere in China, Australia’s largest trading partner, the People’s Bank of China kept its interest rate unchanged at 4.15%.
The pair is expected to find support at 0.6866, and a fall through could take it to the next support level of 0.6850. The pair is expected to find its first resistance at 0.6905, and a rise through could take it to the next resistance level of 0.6928.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
