For the 24 hours to 23:00 GMT, the AUD rose 0.27% against the USD and closed at 0.6942 on Friday.

LME Copper prices declined 2.0% or $58.0/MT to $6,022.5/MT. Aluminium prices fell 1.3% or $20.0 /MT to $1,581.5 /MT.

In the Asian session, at GMT0300, the pair is trading at 0.6960, with the AUD trading 0.26% higher against the USD from Friday’s close.

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The pair is expected to find support at 0.6933, and a fall through could take it to the next support level of 0.6906. The pair is expected to find its first resistance at 0.6975, and a rise through could take it to the next resistance level of 0.6990.

Looking ahead, traders would keep a watch on the Reserve Bank of Australia’s (RBA) interest rate decision, due overnight.

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


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