FXstreet.com (Edinburgh) -The selling interest continues to put the Aussie dollar under pressure, now dragging the AUD/USD to challenge the key support at 0.8900 on Wednesday.
AUD/USD focus on tomorrow’s CAPEX
Construction data were ignored in the Australian docket, as market participants are waiting for the more relevant Private Capital Expenditures during the second quarter, due tomorrow. Consensus expects CAPEX to have improved to 0.2%, leaving behind the previous 4.7% contraction. In the opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, “It is clear that the 55 day moving average at .9172 and cloud resistance at .9219 offer some immediate …read more