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Jun 08 - 11:55 PM

AUD/USD - NAB Business Survey Improves From April Depths

By John Noonan  —  Jun 08 - 09:40 PM
  • NAB Business survey showed improvement in May from the deep dive in April nS9N2D700M

  • AUD/USD not reacting to survey, but price action this morning is whippy

  • Pair traded to 0.7043 earlier when stops above 0-.7032 were triggered

  • It then reversed to 0.6989 before steadying above 0.7000

  • A break below yesterday's 0.6962 low would warn a top is forming










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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