- On the daily charts, AUD/CAD has taken major trendline support at 0.9320 and edged higher to currently trade around 0.9360 levels.
- Data released earlier today showed that headline Australian private capex figures came in much weaker than expectations.
- Q1 Australian capex (private capital expenditure) reading shows a capex of -5.2% q/q vs -3.5% expected and compared to a revised +1.8% last quarter.
- Aussie saw a 15-pips knee-jerk slump, but later reversed losses, RBA Governor Stevens’ dovish comments earlier this week still weigh on the upside.
- Pair finds stiff resistance at 0.9368 (78.6% Fib retrace of 0.9150 to 1.0169), break above can see upside till 0.9415.
- On the flipside, break below 0.9324 can see a drag till 0.9150 (Aug 2015 lows).
Recommendation: Buy breakout above 0.9368, SL: 0.9350, TP: 0.94/0.9415


Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD eases as investors switch focus to RBA 



