Investing.com - The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on Company Gross Operating Profits.
AUD/USD was trading at 1.0231, up 0.17% at time of writing.
The pair was likely to find support at 0.9944, Wednesday’s low, and resistance at 1.0329, Wednesday’s high.
Earlier in the day, official data showed that Gross operating profits of Australian companies fell less-than-expected to a seasonally adjusted 4.8% in the last quarter from 7.3% in the preceding quarter whose figure was revised up from 6.7%.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3114 and AUD/JPY rising 0.14% to hit 79.77.
AUD/USD was trading at 1.0231, up 0.17% at time of writing.
The pair was likely to find support at 0.9944, Wednesday’s low, and resistance at 1.0329, Wednesday’s high.
Earlier in the day, official data showed that Gross operating profits of Australian companies fell less-than-expected to a seasonally adjusted 4.8% in the last quarter from 7.3% in the preceding quarter whose figure was revised up from 6.7%.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3114 and AUD/JPY rising 0.14% to hit 79.77.