AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined marginally against the USD and closed at 0.7124.
LME Copper prices declined 1.45% or $73.0/MT to $4959.0/MT. Aluminium prices declined 0.82% or $12.5/MT to $1513.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7128, with the AUD trading marginally higher from yesterday’s close.
Early this morning, data revealed that the seasonally adjusted private capital expenditure in Australia fell more than anticipated by 4.00% QoQ in 2Q 2015, lesser than previous month’s revised drop of 4.70% .
The pair is expected to find support at 0.708, and a fall through could take it to the next support level of 0.7032. The pair is expected to find its first resistance at 0.7165, and a rise through could take it to the next resistance level of 0.7203.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
