Forex: AUD/USD weaker for the week below 1.0560

FXstreet.com (Barcelona) - AUDUSD is currently quoted at 1.0543 bids, off daily lows at 1.0525, still into the negative for the week so far since the very start of it, following a weekly close Friday around 1.0566. With iron ore up +2.2% overnite making a 2% advance for the year, while copper is up by 7% year to date, and gold slightly higher for the week so far but still below the $1.7k key mark, Aussie traders will focus on today's RBA minutes to be delivered at 00:30 GMT, for hints about next possible rate cuts for 2013.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: "The hourly chart shows price standing above a flat 20 SMA, while indicators regained positive territory, yet showing not much of a bullish momentum at the time being: price needs to overcome 1.0570 static resistance level, to be able to push higher," the analyst notes, adding: "In the 4 hours chart technical readings remain neutral, with the upside favored as long as above 1.0510 support," she concludes.

Valeria spots support levels at : 1.0530, 1.0510 and 1.0460, while resistance levels at: 1.0570, 1.0620 and 1.0650.