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AUD/USD regaining lost ground

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 wi…

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  • 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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Major Pair Currency Score: AUDUSD Bearish

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