AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.31% against the USD to close at 1.0773.
In the morning economic news, the Reserve Bank of Australia foreign exchange transaction rose to 1280 million in June, from 601 million in the previous month.
In the Asian session at 3:00GMT, the pair is trading at 1.0716, 0.53% lower from yesterday’s close at 23:00 GMT.
LME Copper prices rose 0.1% or $10.5/MT to $9,765.3/ MT. Aluminium prices rose 1.3% or $32.8/MT to $2,514.5/ MT.
The pair is expected to find first short term resistance at 1.0758, with the next resistance levels at 1.0799 and 1.0865, subsequently. The first support for the pair is seen at 1.0692, followed by next supports at 1.0667 and 1.0601 respectively.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
