AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.7737.
LME Copper prices rose 1.40% or $79.0/MT to $5725.0/MT. Aluminium prices rose 1.82% or $30.0/MT to $1680.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7740, with the AUD trading a tad higher from yesterday’s close.
Earlier today, data showed that internet skilled vacancies in Australia fell 1.0% MoM in May, following a revised drop of 0.8% in the previous month.
Elsewhere, in China, Australia’s biggest trading partner, the Westpac MNI consumer sentiment index advanced to 112.3 in June, from a level of 111.1 in May.
The pair is expected to find support at 0.7693, and a fall through could take it to the next support level of 0.7645. The pair is expected to find its first resistance at 0.7774, and a rise through could take it to the next resistance level of 0.7807.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
