AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.12% against the USD and closed at 0.6823 on Friday.
LME Copper prices declined 0.3% or $1.5/MT to $5867.5/MT. Aluminium prices declined 0.3% or $4.5/MT to $1710.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.6815, with the AUD trading 0.12% lower against the USD from Friday’s close.
The pair is expected to find support at 0.6805, and a fall through could take it to the next support level of 0.6796. The pair is expected to find its first resistance at 0.6830, and a rise through could take it to the next resistance level of 0.6846.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
