AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0086.
LME Copper prices rose 0.1% or $7.0/MT to $7353.5/ MT. Aluminium prices traded flat to $1810.3/ MT.
In the Asian session, at GMT0300, the pair is trading at 1.0113, with the AUD trading 0.27% higher from yesterday’s close. This morning, in Australia, Housing Industry Association (HIA) reported that the new home sales rose 0.7% (MoM) in May, compared to the 6.9% growth in April.
The pair is expected to find support at 1.0065, and a fall through could take it to the next support level of 1.0017. The pair is expected to find its first resistance at 1.0141, and a rise through could take it to the next resistance level of 1.0169.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
