AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0265.
Dallas Federal Reserve Bank President, Richard Fisher stated that the United States is flush with liquidity and any further stimulus would not help and could even harm the US economy.
In the Asian session at 3:00GMT, the pair is trading flat at 1.0265, from the New York session close.
LME Copper prices rose 0.2% or $17.3/MT to $9,712.5/ MT. Aluminium prices rose 0.5% or $12.5/ MT to $2,608.3/ MT.
The pair is expected to find first short term resistance at 1.0311, with the next resistance levels at 1.0357 and 1.0465, subsequently. The first support for the pair is seen at 1.0203, followed by next supports at 1.0141 and 1.0033 respectively.
With no key economic releases in the day ahead, the pair is expected to ride on general market cues against the greenback.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
