Australian Private Capital Expenditure (capex) report was just released and it came out better than expected. Aussie surprisingly fell after the release, which may be a sign that a deeper pullback is in the making.
0.7250 (broken September - December trendline, 200 DMA) remains a formidable resistance. 100 DMA (~0.7150) is the immediate support ahead of 50 DMA (~0.71) and 0.70 big figure level.
0.7250 (broken September - December trendline, 200 DMA) remains a formidable resistance. 100 DMA (~0.7150) is the immediate support ahead of 50 DMA (~0.71) and 0.70 big figure level.
