AUD/USD: Aussie trading lower in the Asian session

AUDUSD

AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD strengthened 0.11% against the USD to close at 0.8221.

LME Copper prices declined 2.59% or $170.0/MT to $6390.0/MT. Aluminium prices declined 2.17% or $41.5/MT to $1875.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.8159, with the AUD trading 0.75% lower from yesterday’s close.

Earlier today, data from Australia showed that internet skilled vacancies in the nation eased 0.8% on a monthly basis in November, following a flat reading registered in October.

Elsewhere, in China, Australia’s biggest trading partner, the MNI business sentiment index recorded a rise to 56.2 in December, compared to previous month’s level of 55.2.

Overnight data indicated that the Westpac leading index in Australia slid 0.06% on a MoM basis in November, after advancing 0.07% in the prior month.

The pair is expected to find support at 0.8118, and a fall through could take it to the next support level of 0.8076. The pair is expected to find its first resistance at 0.8238, and a rise through could take it to the next resistance level of 0.8317.

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

This entry was posted in AUD/USD. Bookmark the permalink.

Comments are closed.