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Thomson Reuters
Jun 11 - 12:12 AM
AUD/USD - Muted Reaction To Mixed NAB Business Survey
First appeared on eFXplus on Jun 10 - 09:55 PM
  • NAB May biz Conditions May fell 2 pts; confidence rose 7 pts nS9N21I01P
  • AUD/USD unmoved by the survey that suggests confidence is improving
  • Pair is drifting in a 0.6953/66 range after bearish outside day on Monday
  • Buoyant equity markets underpinning AUD/JPY, which is around 0.15% higher
  • AUD/USD support at 21-day MA at 0.6931 and break targets sub-0.6900
  • Hourly resistance at 0.6970/75 where sell orders are tipped

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