AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD rose 0.48% against the USD and closed at 0.6920.
LME Copper prices rose 1.1% or $67.0/MT to $5962.0/MT. Aluminium prices rose 1.8% or $31.5/MT to $1778.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.6930, with the AUD trading 0.14% higher against the USD from yesterday’s close.
Overnight data revealed that Australia’s CBA manufacturing PMI advanced to a level of 51.7 in June, compared to a level of 51.0 in the prior month. Moreover, the nation’s CBA services PMI climbed to a level of 53.3 in June, following a reading of 51.5 in the preceding month.
The pair is expected to find support at 0.6894, and a fall through could take it to the next support level of 0.6858. The pair is expected to find its first resistance at 0.6952, and a rise through could take it to the next resistance level of 0.6974.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
