AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD weakened 0.03% against the USD to close at 1.0238.
In Australia, HIA New Home Sales declined by 0.6% (M-o-M) in February from 2.4% gain in January.
In the Asian session at 3:00GMT, the pair is trading at 1.0234, 0.04% lower from the New York session close.
LME Copper prices declined 1.7% or $167.8/MT to $9,544.8/ MT. Aluminium prices declined 0.9% or $24.3/ MT to $2,584.0/ MT.
The pair is expected to find first short term resistance at 1.0292, with the next resistance levels at 1.0351 and 1.0445, subsequently. The first support for the pair is seen at 1.0198, followed by next supports at 1.0163 and 1.0069 respectively.
The currency pair is showing convergence with its 20 Hr moving average and its 50 Hr moving average.
