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 1.0234, up 0.20% 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 6.7% in the preceding quarter.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.08% to hit 1.3101 and AUD/JPY rising 0.32% to hit 79.92.
AUD/USD was trading at 1.0234, up 0.20% 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 6.7% in the preceding quarter.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.08% to hit 1.3101 and AUD/JPY rising 0.32% to hit 79.92.