AUDUSD Movement
For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.18% against the USD to close at 1.0022.
The home loans in Australia grew by 2.1% in December 2010, following a 2.5% rise in the previous month.
In the Asian session at 4:00GMT, the pair is trading at 1.0043, 0.21% higher from the New York session close.
LME Copper prices rose 0.5% or $45/MT to $9,920.3/ MT. Aluminium prices declined 0.5% or $13.0/ MT to $2,490.3/ MT.
The pair is expected to find first short term resistance at 1.0085, with the next resistance levels at 1.0127 and 1.0231, subsequently. The first support for the pair is seen at 0.9981, followed by next supports at 0.9919 and 0.9815 respectively.
The pair is trading above its 20 Hr and 50 Hr moving averages.
