AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.69% against the USD and closed at 0.6751.
LME Copper prices rose 0.6% or $35.0/MT to $5732.0/MT. Aluminium prices rose 0.6% or $10.0/MT to $1741.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.678, with the AUD trading 0.44% higher against the USD from yesterday’s close.
Overnight data revealed that Australia’s consumer inflation expectations advanced to 3.5% in August, compared to 3.2% in the prior month. Meanwhile, the nation’s seasonally adjusted unemployment rate remained steady at 5.2% in July.
The pair is expected to find support at 0.6745, and a fall through could take it to the next support level of 0.6709. The pair is expected to find its first resistance at 0.6806, and a rise through could take it to the next resistance level of 0.6833.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
