- AUD/USD reclaiming earlier losses following the soft CAPEX data
- Soft CAPEX brings March rate cut into view
- Odds of a March rate cut went from 39% just prior to data to 52% last
- AUD/USD doubtful to recover ahead of RBA with 50/50 chance of rate cut
- Sellers landed just above 0.7900 despite reported stops starting at 0.7910
- Support comes in at 0.7790 (20-dma) - break here lifts downtrend


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