AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0092.
In the US, home prices fell by 0.3% (M-o-M) on a seasonally adjusted basis in January compared to a revised decline of 1.0% in December.
LME Copper prices declined 0.7% or $68.8/MT to $9,449.8/ MT. Aluminium prices rose 0.5% or $12.0/ MT to $2,548.3/ MT.
In the Asian session at 4:00GMT, the pair is trading at 1.0101, 0.09% higher from the New York session close.
The pair is expected to find first short term resistance at 1.0140, with the next resistance levels at 1.0178 and 1.0265, subsequently. The first support for the pair is seen at 1.0053, followed by next supports at 1.0004 and 0.9917 respectively.
Trading trends in the pair are expected to be determined by conference board Australia Leading Index.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
