AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.49% against the USD and closed at 0.7657.
LME Copper prices declined 0.89% or $42.5/MT to $4755.5/MT. Aluminium prices rose 0.57% or $9.5/MT to $1685.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7699, with the AUD trading 0.55% higher against the USD from yesterday’s close, after early morning data indicated that Australia’s unemployment rate unexpectedly fell to 5.7% in July, amid a surge in part-time jobs, whereas markets expected it to remain steady at 5.8%.
The pair is expected to find support at 0.7631, and a fall through could take it to the next support level of 0.7564. The pair is expected to find its first resistance at 0.7742, and a rise through could take it to the next resistance level of 0.7786.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
