AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD weakened 1.08% against the USD to close at 0.7588.
LME Copper prices declined 0.72% or $43.5/MT to $6011.5/MT. Aluminium prices rose 0.48% or $8.5/MT to $1781.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7615, with the AUD trading 0.35% higher from yesterday’s close.
Earlier today, the NAB indicated that, in Australia, the business confidence index rose to a level of 3.00 in March. In the prior month, the index had recorded a level of 0.00.
The pair is expected to find support at 0.7565, and a fall through could take it to the next support level of 0.7514. The pair is expected to find its first resistance at 0.7652, and a rise through could take it to the next resistance level of 0.7689.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
