AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.45% against the USD to close at 1.0217.
LME Copper prices rose 0.1% or $9.3/MT to $ 7395.8/ MT. Aluminium prices rose 0.2% or $4.5/MT to $ 1839.8/ MT.
In the Asian session, at GMT0300, the pair is trading at 1.0230, with the USD trading 0.13% higher from yesterday’s close.
This morning, in Australia, consumer price index rose 0.5% (QoQ) in the second quarter of 2012, and rose 1.2% from a year earlier. Additionally, Conference Board leading index rose 0.4% to 123.6 in May, compared to the 1.3% drop in April.
The pair is expected to find support at 1.0166, and a fall through could take it to the next support level of 1.0102. The pair is expected to find its first resistance at 1.0305, and a rise through could take it to the next resistance level of 1.0380.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
