Aussie Trading Higher In The Asian Session
On Friday, the AUD weakened 0.97% against the USD to close at 0.7286.
LME Copper prices declined 2.16% or $115.5/MT to $5224.5/MT. Aluminium prices declined 0.62% or $10.0/MT to $1594.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7298, with the AUD trading 0.17% higher from Friday’s close.
The pair is expected to find support at 0.7266, and a fall through could take it to the next support level of 0.7234. The pair is expected to find its first resistance at 0.7324, and a rise through could take it to the next resistance level of 0.7349.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.