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AUD/USD up to test resistance on decent Capex

FXStreet (Guatemala) - AUD/USD is trading at 0.8560, up 0.11% on the day, having posted a daily high at 0.8565 and low at 0.8530.

AUD/USD is up to fresh highs on the Asia n session on the back of much better than expected Private Capital Expenditure data. The pair testing the resistance ahead of the way to the 0.86 handle. The headline figure was 0.2% q/q vs expected -1.9% and the key equipment, plant and machinery” component was a huge +4.4% q/q vs -1.0%.

Key levels to the upside in AUD/USD

With spot trading at 0.8560, we can see next resistance ahead at 0.8565 (Daily High), 0.8568 (Yesterday's High), 0.8586 (Daily Classic R1), 0.8597 (Hourly 100 SMA) and 0.8621 (Daily Classic R2).

Upbeat Australian Capex numbers

Figures on Australian private capital expenditure expenditure (Capex) for Q3 came +0.2 pct, while latest estimate 2014/15 capex stood at a$153.2 bln (earlier estimate a$145.2 bln according to Reuters).
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AUD/JPY is attempting to recoup some of its recent losses after a much better-than-expected Australian Capex release, allowing the pair to re-claim 100.50 following a decline to 99.90 during Europe.
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