For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0091.
In Australia, yesterday, consumer confidence fell by 2.4% (M-o-M) in March 2011 to reach 104.1 following a 1.9% rise in February; home loans fell by 4.5% (M-o-M) in January 2011 following 2.1% rise in the previous month. Additionally in morning news, investment lending decreased by 6.8% (M-o-M) in January, following a rise of 3.0% in December.
LME Copper prices declined 4.3% or $420.5/MT to $9,419.8/ MT. Aluminium prices declined 1.2% or $31.0/ MT to $2,534.8/ MT.
In the Asian session at 4:00GMT, the pair is trading at 1.0072, 0.19% lower from the New York session close.
The pair is expected to find first short term resistance at 1.0118, with the next resistance levels at 1.0163 and 1.0236, subsequently. The first support for the pair is seen at 1.0045, followed by next supports at 1.0017 and 0.9944 respectively.
The currency pair is trading well below its 20 Hr and 50 Hr moving averages.
