?
AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0399.
LME Copper prices declined 0.6% or $49.0/MT to $7605.3/MT. Aluminium prices declined 0.2% or $3.3/MT to $1897.3/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0420, with the AUD trading 0.20% higher from yesterday?s close.
Today morning, the Reserve Bank of Australia (RBA) revised down its 2013 economic growth outlook to a range of 2.25% to 3.25% compared to a 2.75% to 3.25% growth range predicted earlier, citing reduced investment in the nation?s mining sector and a softer global growth outlook.
Meanwhile, in China, annual consumer price inflation fell to 1.7% in October, giving policymakers scope to further loosen monetary policy if needed to support growth in the nation.
The pair is expected to find support at 1.0384, and a fall through could take it to the next support level of 1.0349. The pair is expected to find its first resistance at 1.0449, and a rise through could take it to the next resistance level of 1.0479.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
This entry was posted in AUD/USD. Bookmark the permalink.lakers v for vendetta Time Fun Voting Locations atlanta falcons alabama football
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.