Australia CAPEX report comes short. AUD/USD reports losses, drops to 10-day moving average of 0.7552. Australia’s latest private sector capital expenditure (CAPEX) report has underwhelmed with expected investment coming in below market expectations. The private CAPEX rose 0.4 percent in the first quarter following a 0.2 percent drop registered in the fourth quarter of last year but missed the estimate of a 0.7 percent rise. Further, expected CAPEX for the next financial year came in at $87.7 billion vs forecast of $90.7 billion. Meanwhile, the latest CAPEX estimate for 2017/18 printed at $117.5 billion, beating the estimate of $115.1 billion. The AUD/USD pair has hit a fresh session low of 0.7553 in response to dismal CAPEX data (softer business spending). Daily chart Spot rate: 0.755 Daily high: 0.7580 Daily low: 0.7552 Trend: Bullish revival Aussie created a bullish outside-day candle on Wednesday, signaling a resumption of the rally from the May 9 low of 0.7412. It will be interesting to see if the Aussie bulls are able to capitalize on the yesterday’s bullish outside-day candle despite weak domestic data. AUD/USD Technical Levels Resistance: 0.7584 (previous day’s high), 0.7610 (50-day MA), 0.7643 (March 29 low). Support: .7545 (5-day MA), .7498 (May 29 low), 0.7476 (previous day’s low). 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 GBP/JPY hits the brakes near 143.00, but bounce is limited FX Street 5 years Australia CAPEX report comes short. AUD/USD reports losses, drops to 10-day moving average of 0.7552. Australia's latest private sector capital expenditure (CAPEX) report has underwhelmed with expected investment coming in below market expectations. The private CAPEX rose 0.4 percent in the first quarter following a 0.2 percent drop registered in the fourth quarter of last year but missed the estimate of a 0.7 percent rise. Further, expected CAPEX for the next financial year came in at $87.7 billion vs forecast of $90.7 billion. Meanwhile, the latest CAPEX estimate for 2017/18 printed at $117.5 billion, beating the estimate of $115.1… 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.
