Aussie Trading On A Weaker Footing This Morning
GCI Financial | Mar 30, 2015 01:34AM ET
On Friday, the AUD weakened 1.04% against the USD to close at 0.7749.
LME Copper prices declined 1.35% or $84.0/MT to $6146.0/MT. Aluminium prices declined 0.64% or $11.5/MT to $1772.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7728, with the AUD trading 0.28% lower from Friday’s close.
The pair is expected to find support at 0.7689, and a fall through could take it to the next support level of 0.7651. The pair is expected to find its first resistance at 0.7789, and a rise through could take it to the next resistance level of 0.7850.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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