AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 0.10% against the USD to close at 0.7752.
LME Copper prices declined 0.15% or $8.5/MT to $5752.0/MT. Aluminium prices rose 0.03% or $0.5/MT to $1661.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7726, with the AUD trading 0.34% lower from yesterday’s close.
Early morning data showed that Australia’s Westpac leading index retreated 0.1% on a monthly basis in May, compared to a similar increase registered in the month of April.
The pair is expected to find support at 0.7707, and a fall through could take it to the next support level of 0.7689. The pair is expected to find its first resistance at 0.7758, and a rise through could take it to the next resistance level of 0.7791.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
