AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.40% against the USD to close at 1.0448.
The Australian Consumer Confidence rose by 1.2% (M-o-M) in April 2011, reaching 105.3, the rise recouped half of the drop suffered in March.
LME Copper prices declined 1.1% or $111.0/MT to $9,670.3/ MT. Aluminium prices declined 0.7% or $19.3/ MT to $2,634.0/ MT.
In the Asian session at 3:00GMT, the pair is trading at 1.0440, 0.08% lower from the New York session close.
The pair is expected to find first short term resistance at 1.0515, with the next resistance levels at 1.0589 and 1.0729, subsequently. The first support for the pair is seen at 1.0375, followed by next supports at 1.0309 and 1.0169 respectively.
RBA Governor Stevens speech is likely to receive increased market attention, with other economic data due to be released later today.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
