AUDUSD Movement
On Friday, the AUD strengthened 0.45% against the USD to close at 0.8798.
LME Copper prices rose 0.61% or $41.0/MT to $6759.5/MT. Aluminium prices declined 1.71% or $34.0/MT to $1950.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.8813, with the AUD trading 0.17% higher from Friday’s close.
The pair is expected to find support at 0.8750, and a fall through could take it to the next support level of 0.8686. The pair is expected to find its first resistance at 0.8852, and a rise through could take it to the next resistance level of 0.8890.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
