Cozfx: In Friday, the AUD dropped 0.72% against the USD to close at 1.0166. In the Asian session, the pair is trading at 1.0162, with the AUD trading 0.04% lower from Friday’s close.

LME Copper prices fell 0.3% or $26.5/MT to $8298.0/MT. Aluminium prices fell marginally or $0.3/MT to $2087.3/MT.
The World Bank lowered its 2012 growth forecast for China to 7.7% from its estimate in May of 8.2%, citing weakening growth in domestic demand and slowing investment. Additional, in China, the HSBC services sector purchasing managers’ index rise to 54.3 in September, from 52.0 in August.

Technically, the pair is predicted to find its first resistance at 1.0240, and a rose through might take it to the next resistance line of 1.0319. In addition, the pair is predicted to find support at 1.0118, and a fell through might take it to the next support line of 1.0074.


Coz forex UK