AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 0.9958.
In the Asian session at 4:00GMT, the pair is trading at 0.9995, 0.37% higher from the New York session close.
The Westpac leading economic index for Australia rose by 0.8% (M-o-M) in December 2010, following 0.3% increase in October.
LME Copper prices declined 0.4% or $41.5/MT to $10,106.25/ MT. Aluminium prices declined 0.1% or $2.25/ MT to $2,482.25/ MT.
The pair is expected to find first short term resistance at 1.0054, with the next resistance levels at 1.0113 and 1.0227, subsequently. The first support for the pair is seen at 0.9940, followed by next supports at 0.9885 and 0.9771 respectively.
Speech of RBA Assistant Governor Dr. Philip Lowe is expected to receive market attention.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
