For the 24 hours to 23:00 GMT, the AUD strengthened 1.26% against the USD to close at 0.7701.
LME Copper prices rose 1.37% or $79.5/MT to $5865.5/MT. Aluminum prices declined 0.68% or $12.0/MT to $1742.0/MT.
In the Asian session, at GMT0400, the pair is trading at 0.7676, with the AUD trading 0.32% lower from yesterday’s close.
Early this morning, data showed that in China, Australia’s biggest trading partner, new Yuan loans fell more than expected to CNY 1020.00 billion, compared to market expectations of a fall to CNY 750.00 billion. Meanwhile, aggregate financing registered a drop to CNY 1350.00 billion in China, in February, compared to market expectations of a fall to a level of CNY 1000.00 billion and compared to a revised level of CNY 2050.80 billion.
The pair is expected to find support at 0.7588, and a fall through could take it to the next support level of 0.7501. The pair is expected to find its first resistance at 0.7748, and a rise through could take it to the next resistance level of 0.7820.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.