AUD/USD jumped 10 pips on the back of above-forecast NAB survey readings. Business confidence index rose to 4 points in January, beating the forecast of 3 points. Meanwhile, business conditions index rose to 7, beating the expected rise to 4 by a big margin. An uptick in National Australia Bank’s (NAB) survey indices has put a mild bid under the Aussie dollar. As of writing, the AUD/USD pair is trading at 0.7069, having clocked session high of 0.7075 soon before press time. National Australia Bank’s (NAB) business conditions index rose from +2.2 points in December to 7 in January. The long-term average is +5.8 points. The NAB business confidence index improved slightly from +2.8 points in December to 3 in January, below the long-term average of 6.0 points. The data could alleviate bearish pressures around the Aussie dollar. The currency has been losing altitude on rising odds of RBA rate cut. Last week, RBA governor Lowe stepped back from its longstanding tightening bias, by putting rate cuts back on the table. AUD/USD Technical Levels AUD/USD Overview: Today Last Price: 0.7062 Today Daily change: -0.0002 pips Today Daily change %: -0.03% Today Daily Open: 0.7064 Trends: Daily SMA20: 0.7168 Daily SMA50: 0.7151 Daily SMA100: 0.7167 Daily SMA200: 0.728 Levels: Previous Daily High: 0.7109 Previous Daily Low: 0.7057 Previous Weekly High: 0.7265 Previous Weekly Low: 0.706 Previous Monthly High: 0.7296 Previous Monthly Low: 0.6684 Daily Fibonacci 38.2%: 0.7077 Daily Fibonacci 61.8%: 0.7089 Daily Pivot Point S1: 0.7044 Daily Pivot Point S2: 0.7025 Daily Pivot Point S3: 0.6992 Daily Pivot Point R1: 0.7096 Daily Pivot Point R2: 0.7129 Daily Pivot Point R3: 0.7148 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY prints fresh highs in Tokyo through 110.50 but lacks follow through FX Street 4 years AUD/USD jumped 10 pips on the back of above-forecast NAB survey readings. Business confidence index rose to 4 points in January, beating the forecast of 3 points. Meanwhile, business conditions index rose to 7, beating the expected rise to 4 by a big margin. An uptick in National Australia Bank's (NAB) survey indices has put a mild bid under the Aussie dollar. As of writing, the AUD/USD pair is trading at 0.7069, having clocked session high of 0.7075 soon before press time. National Australia Bank's (NAB) business conditions index rose from +2.2 points in December to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
