AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD, on Friday to close at 1.0560.
In the Asian session at 3:00GMT, the pair is trading at 1.0558, 0.02% lower from the New York session close.
LME Copper prices rose 1.0% or $93.8/MT to $9,420.0/ MT. Aluminium prices rose 0.8% or $20.8/MT to $2,638.0/ MT.
The pair is expected to find first short term resistance at 1.0589, with the next resistance levels at 1.0621 and 1.0694, subsequently. The first support for the pair is seen at 1.0516, followed by next supports at 1.0475 and 1.0402 respectively.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
