AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD strengthened 0.38% against the USD to close at 0.7857.
LME Copper prices rose 0.59% or $35.5/MT to $6061.0/MT. Aluminium prices declined 0.14% or $2.5/MT to $1827.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7870, with the AUD trading 0.16% higher from yesterday’s close.
Earlier today, data showed that the CB leading index in Australia recorded a rise of 0.50% in February. The index had advanced 0.40% in the previous month.
The pair is expected to find support at 0.7816, and a fall through could take it to the next support level of 0.7763. The pair is expected to find its first resistance at 0.7899, and a rise through could take it to the next resistance level of 0.7928.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
