AUD chipping away at the bids ... still

I posted earlier on the Australian capex data

• Australia Q4 capex headline: -0.2% q/q (expected +1.0%)

and on the response

• AUD chipping away at the bids, lower after capex data

More of the same from me (and the AUD) .... AUD/USD still heavy

As I said in my first response to the capex post, the data is not as bad as the headline suggests, but its not great data

I have seen more positive responses around the place than mine. That's cool. But if you are reading this as great data .... nope

initial support circa 0.7700

Resistance cica 0.7750

Leveraged names are sellers still