Aussie gets a boost in early Monday's trade, remains bolstered by rising copper prices.
Technical indicators for the pair support upside for now. Momentum , and Stochs biased higher.
Price has broken above 5-DMA and we see scope for test of 1.0985 ( resistance).
Decisive break below 200-DMA could see weakness in the pair. Dip till 38.2% Fib at 1.0794 likely.
Support levels - 1.09 (5-DMA), 1.0862 (200-DMA), 1.0794 (38.2% Fib)
Resistance levels - 1.0985 (converged and 61.8% Fib), 1.10, 1.1050 (Jan 4 high)
Good to go long around 1.09, SL: 1.0860, TP: 1.0985/ 1.10/ 1.1050