AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.27% against the USD and closed at 0.7827.
LME Copper prices rose 0.57% or $34.5/MT to $6128.0/MT. Aluminium prices marginally declined to $ 1786.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7888, with the AUD trading 0.20% higher from yesterday’s close.
This morning, the Australian Government’s Department of Employment indicated that, on a monthly basis, internet skilled vacancies in the nation recorded a rise of 0.20% in February. Internet skilled vacancies had registered a revised rise of 0.40% in the prior month.
Meanwhile, data from China revealed that the Westpac MNI China Consumer Sentiment Indicator climbed to a reading of 114.7 in March, its highest level since July 2014, from a reading of 112.0 recorded in the previous month.
The pair is expected to find support at 0.7840, and a fall through could take it to the next support level of 0.7792. The pair is expected to find its first resistance at 0.7938, and a rise through could take it to the next resistance level of 0.7988.
The currency pair is showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
