AUDUSD Movement
On Friday, the AUD weakened 1.41% against the USD to close at 0.8673, amid a broad strength in the greenback.
LME Copper prices declined 0.43%% or $28.5/MT to $6665.0/MT. Aluminium prices rose 0.72%% or $13.5/MT to $1883.0/MT.
In the Asian session, at GMT0300, the pair is trading at 109.58, with the USD trading 0.15% lower from Friday’s close.
Early morning data indicated that Australian ANZ job advertisements rose 0.9%, on a monthly basis, in September, after registering a revised increase of 1.6% in the previous month.
The pair is expected to find support at 108.86, and a fall through could take it to the next support level of 108.13. The pair is expected to find its first resistance at 110.11, and a rise through could take it to the next resistance level of 110.64.
Going ahead, investors look forward to the release of AiG Performance of Construction Index, scheduled later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
