AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.46% against the USD to close at 1.0317.
On Tuesday, the Reserve Bank of Australia kept its key rate on hold at 4.75%, as widely expected.
In economic news, the total number of home loans in Australia dropped 5.6% to 45,393 in February, compared to the previous month.
In the Asian session at 3:00GMT, the pair is trading at 1.0365, 0.47% higher from the New York session close.
The pair is expected to find first short term resistance at 1.0400, with the next resistance levels at 1.0434 and 1.0527, subsequently. The first support for the pair is seen at 1.0307, followed by next supports at 1.0248 and 1.0155 respectively.
With a series of Australian economic releases today, including unemployment rate and AiG performance of construction index data, trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
