AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.13% against the USD, on Friday, to close at 1.0347.
In the Asian session at 3:00GMT, the pair is trading at 1.0407, 0.58% higher from Friday’s close at 23:00 GMT.
LME Copper prices rose 0.6% or $49.8/MT to $8,850.8/ MT. Aluminium prices rose 0.5% or $11.3/MT to $2,378.5/ MT.
The pair is expected to find first short term resistance at 1.0482, with the next resistance levels at 1.0556 and 1.0751, subsequently. The first support for the pair is seen at 1.0287, followed by next supports at 1.0166 and 0.9971 respectively.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
