AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.55% against the USD to close at 1.0391.
In the Asian session, at GMT0300, the pair is trading at 1.0366, with the AUD trading 0.24% lower from yesterday’s close.
Data released this morning showed that job vacancies in Australia rose 0.7% in seasonally adjusted terms during the three-month period ended February 2012.
LME Copper prices declined 0.4% or $30.4/MT to $8480.3/ MT. Aluminium prices rose 0.2% or $5.0/MT to $2137.8/ MT.
The pair is expected to find support at 1.0323, and a fall through could take it to the next support level of 1.0280. The pair is expected to find its first resistance at 1.0428, and a rise through could take it to the next resistance level of 1.0489.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
