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Feb 22 - 09:55 PM

AUD/USD - Aus Q4 Capex Better Than Expected

By John Noonan  —  Feb 22 - 07:45 PM
  • Aus Q4 headline Capex +2.2% against expectations of +1.3%

  • First estimate for 2023/2024 A$129.7 bln

  • AUD/USD not reacting to the data, but is up 0.15% from the NY close

  • Bids around 0.6800 underpinning AUD/USD for now

  • The 200-day MA is at 0.6802 and is drawing some buyers

  • Key fibo support is at the 38.2 of the 0.6170/0.7159 move at 0.6780

  • Resistance is at yesterday's 0.6859 high and 10-day MA at 0.6892

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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