AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 1.0555, as a rally in commodities and stocks boosted demand for higher-yielding assets.
In Australia, the Westpac leading index remained at 0.5% March from the previous month.
In the Asian session at 3:00GMT, the pair is trading at 1.0502, 0.50% lower from the New York session close, as investors moved to safe haven assets amid speculation of election in Greece.
LME Copper prices rose 0.6% or $50.8/MT to $8,881.3/ MT. Aluminium prices rose 1.3% or $31.3/MT to $2,499.5/ MT.
The pair is expected to find first short term resistance at 1.0561, with the next resistance levels at 1.0619 and 1.0714, subsequently. The first support for the pair is seen at 1.0466, followed by next supports at 1.0429 and 1.0334 respectively.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
