For the 24 hours to 23:00 GMT, the AUD declined 0.36% against the USD and closed at 0.7654.
LME Copper prices declined 0.6% or $40.0/MT to $6601.5/MT. Aluminium prices declined 1.3% or $26.0/MT to $2009.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7657, with the AUD trading marginally higher against the USD from yesterday’s close.
On the economic front, Australia’s private sector credit increased 0.4% on a monthly basis in February, more than market expectations for a rise of 0.3%. In the previous month, the private sector credit had recorded a rise of 0.3%.
The pair is expected to find support at 0.7633, and a fall through could take it to the next support level of 0.7608. The pair is expected to find its first resistance at 0.7692, and a rise through could take it to the next resistance level of 0.7726.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
