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Aussie Reverses Its Gains In The Morning Session
For the 24 hours to 23:00 GMT, the AUD strengthened 0.63% against the USD to close at 0.7237.
LME Copper prices rose 1.74% or $80.0/MT to $4690.0/MT. Aluminium prices rose 2.01% or $29.0/MT to $1475.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.718, with the AUD trading 0.79% lower from Friday’s close.
The pair is expected to find support at 0.7142, and a fall through could take it to the next support level of 0.7104. The pair is expected to find its first resistance at 0.7235, and a rise through could take it to the next resistance level of 0.7290.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.