AUD/USD: Australian Dollar trading higher this morning | GCI Forex ...

GCI Forex News - AUD/USD: Australian Dollar trading higher this morning

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AUDUSD Movement

For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.31% against the USD to close at 1.0412.

LME Copper prices rose 0.3% or $24.0/MT to $8059.8/MT. Aluminium prices rose 0.8% or $15.5/MT to $2042.3/MT.

In the Asian session, at GMT0400, the pair is trading at 1.0418, with the AUD trading marginally higher from Friday?s close. Activity thin this morning with Australian markets closed for a National Holiday.

The pair is expected to find support at 1.0390, and a fall through could take it to the next support level of 1.0361. The pair is expected to find its first resistance at 1.0459, and a rise through could take it to the next resistance level of 1.0499.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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Source: http://forexnews.gcitrading.com/currencies/audusd/audusd-australian-dollar-trading-higher-this-morning.htm

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