?
AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 1.0381.
LME Copper prices declined 2.1% or $161.5/MT to $7603.8/MT. Aluminium prices declined 2.7% or $53.0/MT to $ 1883.8/MT.
In the Asian session, at GMT0400, the pair is trading at 1.0428, with the AUD trading 0.46% higher from yesterday?s close.
This morning, the Reserve Bank of Australia (RBA) decided to retain the cash rate steady at 3.25% against market expectations for a quarter-point reduction. In a statement, the RBA Governor, Glenn Stevens stated that the stance of monetary policy is deemed ?appropriate for the time being?, given the higher-than-expected prices data and slightly more positive information on the world economy.
Meanwhile, Australian house prices rose 0.3% in the Q3 FY2012, compared to the upwardly revised 0.6% gain in the Q2 FY2012.
The pair is expected to find support at 1.0366, and a fall through could take it to the next support level of 1.0304. The pair is expected to find its first resistance at 1.0463, and a rise through could take it to the next resistance level of 1.0497.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
This entry was posted in AUD/USD. Bookmark the permalink.nfl mock draft 2012 norfolk island michael brockers lisa marie presley florida panthers tannehill joel ward
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.