AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 1.0694.
In the Asian session at 3:00GMT, the pair is trading at 1.0757, 0.59% higher from yesterday’s close at 23:00 GMT, after a government report showed that the number of people employed in Australia rose more than expected in June.
In Australia, this morning, the AiG performance of construction index declined to 35.8 in June from 39.6 points in the previous month. The Australian Bureau of Statistics stated that the number of people employed rose by 23,400 in June, beating forecasts for an increase of 15,000 after adding just 7,800 jobs in May. Meanwhile, the unemployment rate remained steady at 4.9%, as expected.
LME Copper prices rose 0.3% or $26.5/MT to $9,431.8/ MT. Aluminium prices rose 1.3% or $31.3/MT to $2,516.5/ MT.
The pair is expected to find first short term resistance at 1.0794, with the next resistance levels at 1.0830 and 1.0936, subsequently. The first support for the pair is seen at 1.0688, followed by next supports at 1.0618 and 1.0512 respectively.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
