AUDUSD Movement
On Friday, the AUD weakened 0.44% against the USD to close at 0.7767.
LME Copper prices declined 1.70% or $98.0/MT to $5663.0/MT. Aluminium prices declined 1.79% or $30.0/MT to $1650.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7779, with the AUD trading 0.15% higher from Friday’s close.
The pair is expected to find support at 0.7746, and a fall through could take it to the next support level of 0.7713. The pair is expected to find its first resistance at 0.7802, and a rise through could take it to the next resistance level of 0.7826.
Investors would focus on Tuesday’s CB leading index as well as house prices data, the only releases in this week.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
