AUDUSD Movement
On Friday, the AUD strengthened 0.56% against the USD to close at 0.9360.
LME Copper prices rose 0.4% or $28.5/MT to $6967.5/MT. Aluminium prices declined 0.1% or $2.5/MT to $1738.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.9394, with the AUD trading 0.36% higher from Friday’s close.
The pair is expected to find support at 0.9335, and a fall through could take it to the next support level of 0.9276. The pair is expected to find its first resistance at 0.9427, and a rise through could take it to the next resistance level of 0.9460.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
