For the 24 hours to 23:00 GMT, the AUD declined 0.40% against the USD and closed at 0.6749.
LME Copper prices rose 0.5% or $26.5/MT to $5745.0/MT. Aluminium prices declined 0.2% or $2.5/MT to $1702.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.6735, with the AUD trading 0.21% lower against the USD from yesterday’s close.
Overnight data showed that Australia’s Westpac leading index eased 0.1% on a monthly basis in September, following a revised decline of 0.2% in the preceding month.
The pair is expected to find support at 0.6712, and a fall through could take it to the next support level of 0.6689. The pair is expected to find its first resistance at 0.6772, and a rise through could take it to the next resistance level of 0.6809.
Moving ahead, traders would closely monitor Australia’s unemployment rate for September and the NAB business confidence for 3Q, scheduled to release overnight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
