The latest Australian business capex data is here, just out a few minutes ago:
Not a great set of numbers, but not as bad as the headline would suggest.
But ... emphasis on not a great set of numbers, OK?
The Australian dollar had been heavy leading into the release (it had been heav overnight) and the losses are extending further:
- Next support is around 0.77000
- Look for sellers to step back in initially above 0.7750 (i.e. resistance)
