AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9262.
LME Copper prices rose 0.3% or $20.0/MT to $6705.5/MT. Aluminium prices declined 0.8% or $13.5/MT to $1719.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.9256, with the AUD trading marginally lower from yesterday’s close.
In economic news, Australian private sector credit rose 0.3% (MoM) in May, in line with market expectations and following a similar rate of growth recorded in the previous month.
The pair is expected to find support at 0.9200, and a fall through could take it to the next support level of 0.9143. The pair is expected to find its first resistance at 0.9327, and a rise through could take it to the next resistance level of 0.9397.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
