AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.62% against the USD, on Friday, to close at 1.0658.
In the Asian session at 3:00GMT, the pair is trading at 1.0604, 0.51% lower from Friday’s close at 23:00 GMT.
LME Copper prices declined 0.5% or $49.0/MT to $9,605.8/ MT. Aluminium prices declined 1.1% or $27.0/MT to $2,449.5/ MT.
The pair is expected to find first short term resistance at 1.0706, with the next resistance levels at 1.0807 and 1.0970, subsequently. The first support for the pair is seen at 1.0543, followed by next supports at 1.0481 and 1.0318 respectively.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
