AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 1.02% against the USD to close at 1.0959.
In the Asian session at 3:00GMT, the pair is trading at 1.1043, 0.77% higher from yesterday’s close at 23:00 GMT, after the Australia’s consumer price index (CPI) rose 0.9% (Q-o-Q) in the June quarter, compared to a rise of 1.6% in the March quarter.
LME Copper prices rose 1.7% or $160.0/MT to $9,777.5/ MT. Aluminium prices rose 1.6% or $40.0/MT to $2,612.5/ MT.
The pair is expected to find first short term resistance at 1.1116, with the next resistance levels at 1.1189 and 1.1388, subsequently. The first support for the pair is seen at 1.0917, followed by next supports at 1.0791 and 1.0592 respectively.
The currency pair is trading well above its 20 Hr and its 50 Hr moving averages.
