Breaking News
0

Aussie Trading Lower In The Morning Session

By GCI FinancialForexJan 12, 2018 04:20AM ET
www.investing.com/analysis/aussie-trading-lower-in-the-morning-session-200279789
Aussie Trading Lower In The Morning Session
By GCI Financial   |  Jan 12, 2018 04:20AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

AUDUSD Movement
AUDUSD Movement

For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.7890.

LME Copper prices declined 0.3% or $17.5/MT to $7123.0/MT. Aluminium prices rose 0.9% or $20.0/MT to $2179.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7881, with the AUD trading 0.11% lower against the USD from yesterday’s close.

The pair is expected to find support at 0.7853, and a fall through could take it to the next support level of 0.7825. The pair is expected to find its first resistance at 0.7907, and a rise through could take it to the next resistance level of 0.7933.

Moving ahead, traders would focus on Australia’s unemployment rate and consumer inflation expectations data, scheduled to release next week.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

Aussie Trading Lower In The Morning Session
 

Related Articles

Aussie Trading Lower In The Morning Session

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: GCI Weekly Highlights is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI Financial Ltd. assumes no responsibility or liability from gains or losses incurred by the information herein contained.
Continue with Google
or
Sign up with Email