For the 24 hours to 23:00 GMT, the AUD rose 0.38% against the USD and closed at 0.7481.
On the economic front, Australia’s Westpac leading index declined 0.12% in April, from an increase of 0.08% reported in March. Additionally, the nation’s Q1 construction work done showed a bigger than expected fall, compared to revised 0.6% rise in the previous quarter.
LME Copper prices declined 0.29% or $16.5/MT to $ 5660.5/MT. Aluminium prices declined 0.87% or $17.0/MT to $ 1926.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7452, with the AUD trading 0.39% lower against the USD from yesterday’s close.
The pair is expected to find support at 0.7427, and a fall through could take it to the next support level of 0.7402. The pair is expected to find its first resistance at 0.7497, and a rise through could take it to the next resistance level of 0.7542.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
