AUDUSD Movement
For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0126.
In Australia, Leading Index declines to 0.1% (M-o-M) in January from 0.7% in December.
In the Asian session at 4:00GMT, the pair is trading at 1.0127, 0.01% higher from the New York session close.
LME Copper prices rose 2.7% or $253.3/MT to $9,703.0/ MT. Aluminium prices rose 2.0% or $52.0/ MT to $2,600.3/ MT.
The pair is expected to find first short term resistance at 1.0166, with the next resistance levels at 1.0205 and 1.0292, subsequently. The first support for the pair is seen at 1.0079, followed by next supports at 1.0031 and 0.9944 respectively.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
