AUDUSD Movement
For the 24 hours to 23:00 GMT, the AUD declined 0.44% against the USD and closed at 0.7553.
LME Copper prices declined 0.6% or $34.5/MT to $5620.5/MT. Aluminium prices rose 1.4% or $25.5/MT to $1915.5/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7529, with the AUD trading 0.32% lower against the USD from yesterday’s close.
Overnight data showed that Australia’s Westpac leading index rebounded 0.08% in March. The index had recorded a drop of 0.07% in the previous month.
The pair is expected to find support at 0.7511, and a fall through could take it to the next support level of 0.7492. The pair is expected to find its first resistance at 0.7557, and a rise through could take it to the next resistance level of 0.7584.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
