AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.05% against the USD to close at 1.0368.
LME Copper prices rose 0.1% or $5.5/MT to $7605.8/MT. Aluminium prices rose 0.6% or $11.5/MT to $1882.5/MT.
In the Asian session, at GMT0300, the pair is trading at 1.0363, with the AUD trading 0.05% lower from yesterday’s close.
Data released this morning showed that Australian construction work done fell to a seasonally adjusted 0.2% in the second quarter, from 7.8% rise in the preceding quarter.
The pair is expected to find support at 1.0343, and a fall through could take it to the next support level of 1.0324. The pair is expected to find its first resistance at 1.0386, and a rise through could take it to the next resistance level of 1.0410.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
