AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD, on Friday, to close at 1.0715.
In Australia, the TD securities inflation rose by 0.2% in May from 0.3% increase in April. Meanwhile, the Australian ANZ job advertisements monthly reading dropped by 6.5% during May, which compared with a previous 1.0% increase in April.
In the US, the Institute for Supply Management reported that, its non-manufacturing index rose to a reading of 54.6 in May, following a reading of 52.8 posted in April.
In the Asian session at 3:00GMT, the pair is trading at 1.0746, 0.29% higher from yesterday’s close at 23:00 GMT.
LME Copper prices declined 0.2% or $21.5/MT to $9,015.8/ MT. Aluminium prices declined 0.8% or $22.3/MT to $2,609.3/ MT.
The pair is expected to find first short term resistance at 1.0818, with the next resistance levels at 1.0891 and 1.1078, subsequently. The first support for the pair is seen at 1.0631, followed by next supports at 1.0517 and 1.0330 respectively.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
