AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD marginally declined against the USD and closed at 0.7510 on Friday.
LME Copper prices declined 0.80% or $54.5/MT to $6783.5/MT. Aluminium prices rose 0.75% or $17.0/MT to $2297.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7524, with the AUD trading 0.19% higher against the USD from Friday’s close.
The pair is expected to find support at 0.7497, and a fall through could take it to the next support level of 0.7471. The pair is expected to find its first resistance at 0.7542, and a rise through could take it to the next resistance level of 0.7561.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
