AUDUSD Movement
On Friday, the AUD strengthened 0.69% against the USD to close at 0.7846.
LME Copper prices declined 0.23% or $13.0/MT to $5707.0/MT. Aluminium prices declined 0.31% or $5.5/MT to $1796.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7834, with the AUD trading 0.16% lower from Friday’s close.
The pair is expected to find support at 0.7806, and a fall through could take it to the next support level of 0.7779. The pair is expected to find its first resistance at 0.7856, and a rise through could take it to the next resistance level of 0.7878.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
