AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.29% against the USD and closed at 0.7913 on Friday.
LME Copper prices declined 0.7% or $52.5/MT to $7070.5/MT. Aluminium prices rose 1.7% or $36.0/MT to $2215.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7941, with the AUD trading 0.35% higher against the USD from Friday’s close.
The pair is expected to find support at 0.7878, and a fall through could take it to the next support level of 0.7816. The pair is expected to find its first resistance at 0.7973, and a rise through could take it to the next resistance level of 0.8006.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
