AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0109.
In the US, CPI rose 0.4% (M-o-M) in January after a 0.5% rise in December.
In the Asian session at 4:00GMT, the pair is trading at 1.0122, 0.13% higher from the New York session close.
LME Copper prices declined 1.3% or $125.0/MT to $9,799.8/ MT. Aluminium prices declined 0.1% or $2.5/ MT to $2,473.8/ MT.
The pair is expected to find first short term resistance at 1.0161, with the next resistance levels at 1.0200 and 1.0308, subsequently. The first support for the pair is seen at 1.0053, followed by next supports at 0.9984 and 0.9876 respectively.
The currency pair is trading just above its 20 Hr moving average and well above 50 Hr moving average.
