AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD, on Friday, to close at 1.0212.
In Australia, this morning, the AiG Performance of Services Index declined to 47.7 in November, compared to 48.8 in the previous month.
In the Asian session, at GMT0400, the pair is trading at 1.0236, with the AUD trading 0.24% higher from Friday’s close.
LME Copper prices rose 1.1% or $89.0/MT to $7,890.0/ MT. Aluminium prices rose 1.7% or $36.5/MT to $2,140.0/ MT.
The pair is expected to find support at 1.018, and a fall through could take it to the next support level of 1.0124. The pair is expected to find its first resistance at 1.0309, and a rise through could take it to the next resistance level of 1.0382.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
