AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.11% against the USD to close at 1.0189.
LME Copper prices rose 0.7% or $50.0/MT to $ 7555.3/ MT. Aluminium prices rose 0.1% or $1.0/MT to $1879.3/ MT.
In the Asian session, at GMT0300, the pair is trading at 1.0161, with the AUD trading 0.28% lower from yesterday’s close.
This morning, in China, HSBC flash manufacturing purchasing manager index (PMI) fell slightly to 48.1 in June, compared to the reading of 48.4 in May.
The pair is expected to find support at 1.0121, and a fall through could take it to the next support level of 1.0082. The pair is expected to find its first resistance at 1.0212, and a rise through could take it to the next resistance level of 1.0264.
With no major release from Australia, the pair is expected to trade on trends in the greenback.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
