Forex - AUD/USD down in Asian trade

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Company Gross Operating Profits.

AUD/USD was trading at 1.0696, down 0.09% at time of writing.

The pair was likely to find support at 1.0441, Wednesday’s low, and resistance at 1.0725, Monday’s high.

Earlier in the day, official data showed that Gross operating profits of Australian companies rose less-than-expected to a seasonally adjusted -2.0% in the last quarter from -2.8% in the preceding quarter.

Analysts had expected Australian CGOP to rise to 2.1% in the last quarter.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.09% to hit 1.3364 and AUD/JPY falling 0.09% to hit 86.42.




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