AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.17% against the USD to close at 1.0148.
In Australia, the Westpac Consumer Confidence Index of consumer sentiment rose 1.9% to 106.6 in February, from 104.6 in January.
In the Asian session at 4:00GMT, the pair is trading at 1.0135, 0.13% lower from the New York session close.
LME Copper prices declined 2.1% or $214.5/MT to $9,930.3/ MT. Aluminium prices declined 0.8% or $19.5/ MT to $2,519.5/ MT.
The pair is expected to find first short term resistance at 1.0180, with the next resistance levels at 1.0226 and 1.0307, subsequently. The first support for the pair is seen at 1.0099, followed by next supports at 1.0064 and 0.9983 respectively.
Trading trends in the pair are expected to be determined by data release on EIA crude oil stock change in the US.
The pair is trading marginally below both the 20 Hr and 50Hr moving averages.
