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