For the 24 hours to 23:00 GMT, the AUD rose 0.13% against the USD and closed at 0.6784.

LME Copper prices marginally declined to $5696.5/MT. Aluminium prices fell 0.3% or $5.5/MT to $1751.0/MT.

In the Asian session, at GMT0300, the pair is trading at 0.6769, with the AUD trading 0.22% lower against the USD from yesterday’s close.

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Data showed that Australia’s CBA manufacturing PMI dropped to 51.3 in August, compared to a reading of 51.6 in the previous month. Additionally, the preliminary CBA services PMI declined to 49.2 in August, compared to a level of 52.3 in the prior month.

The pair is expected to find support at 0.6756, and a fall through could take it to the next support level of 0.6744. The pair is expected to find its first resistance at 0.6790, and a rise through could take it to the next resistance level of 0.6812.

In the absence of macroeconomic releases in Australia today, investor sentiment would be governed by global macroeconomic factors.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.


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