Australia's Consumer Confidence Deteriorates In December

Australia's Consumer Confidence Deteriorates In December

For the 24 hours to 23:00 GMT, AUD strengthened 0.48% against the USD to close at 1.0536.

LME Copper prices declined 0.5% or $42.3/MT to $8069.0/MT. Aluminium prices rose 1.4% or $29.3/MT to $2130.5/MT.

In the Asian session, at GMT0400, the pair is trading at 1.0524, with the AUD trading 0.12% lower from yesterday's close, after the Westpac/Melbourne Institute's consumer sentiment index in Australia declined to a reading of 100.0 in December, from a reading of 104.3 reported in November.

The pair is expected to find support at 1.0483, and a fall through could take it to the next support level of 1.0442. The pair is expected to find its first resistance at 1.0553, and a rise through could take it to the next resistance level of 1.0582.