For the 24 hours to 23:00 GMT, the AUD remained flat against the USD and closed at 0.7446.
LME Copper prices rose 1.0% or $47.0/MT to $4827.0/MT. Aluminium prices rose 1.3% or $21.0/MT to $1635.0/MT.
In the Asian session, at GMT0300, the pair is trading at 0.7452, with the AUD trading 0.08% higher from yesterday’s close.
On the data front, Australia’s AIG performance of manufacturing index climbed to 51.8 in June. In the prior month, the index had registered a level of 51.0.
Separately, in China, Australia’s largest trading partner, the NBS manufacturing PMI dropped to 50.0 in June, at par with investor expectations and compared to a reading of 50.1 in the prior month.
The pair is expected to find support at 0.7393, and a fall through could take it to the next support level of 0.7335. The pair is expected to find its first resistance at 0.7486, and a rise through could take it to the next resistance level of 0.7521.
Moving ahead, investors will closely monitor RBA’s rate decision, slated to release next week.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.