AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0105.
In the US, initial jobless claims fell to 391,000 in the week ending on February 19, and continuing jobless claims to 3.79 million. The previous week’s initial and continuing claims were revised, to 410,000 and 3.9111 million respectively.
In the Asian session at 4:00GMT, the pair is trading at 1.0093, 0.12% lower from the New York session close.
LME Copper prices declined 0.5% or $51.0/MT to $9,439.8/ MT. Aluminium prices rose 0.1% or $1.5/ MT to $2,490.8/ MT.
The pair is expected to find first short term resistance at 1.0141, with the next resistance levels at 1.0189 and 1.0309, subsequently. The first support for the pair is seen at 1.0021, followed by next supports at 0.9949 and 0.9829 respectively.
The currency pair is trading just above its 20 Hr moving average and is trading above its 50Hr moving average.
