For the 24 hours to 23:00 GMT, the AUD rose 0.35% against the USD and closed at 0.7551 on Friday.
LME Copper prices declined 0.7% or $43.0/MT to $5847.0/MT. Aluminium prices declined 0.5% or $10.0/MT to $1827.5/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7548, with the AUD trading marginally lower against the USD from Friday’s close.
The pair is expected to find support at 0.7513, and a fall through could take it to the next support level of 0.7477. The pair is expected to find its first resistance at 0.7578, and a rise through could take it to the next resistance level of 0.7607.
Moving ahead, Australia’s NAB business confidence index for December, scheduled to release in the early hours of tomorrow, will be on investor’s radar.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
