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AUD/USD spikes up to test bears stomping ground

FXStreet (Guatemala) - AUD/USD is trading at 0.9358, up 0.23% on the day, having posted a daily high at 0.9374 and low at 0.9332.

AUD/USD remains robust and tests out the bears ground on the mid point of the 0.93 handle. Australia’s newly built home sales dropped 5.7% from +1.2% prior and the Private capital expenditure (Q2) in Australian came at +1.1% vs -0.3% expected. However, Sean Callow, analyst at Westpac Banking Corporation ABN AUD resilience increasingly hints at flows stemming from anticipation of ECB QE, with sovereign bonds in demand around the world, making Australia’s 3.30% 10 year bond yield more tempting.

AUD/USD support resistance levels

Support levels: 0.9330 0.9300 0.9260

Resistance levels: 0.9370 0.9410 0.9450

Australian Capex Q2 exceeds expectations

Private capital xependiture (Q2) in Australian came at +1.1% vs -0.3% exp and -2.5% last, revised from -4.2%. The 2014/15 3rd estimate stood at $145.2b, up from $137.1b last, with equipment, plant & machinery coming at -0.9%.
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EUR/AUD drops 40 pips but 1.41 handle holds up

EUR/AUD is trading at 1.4109, down -0.15% on the day, having posted a daily high at 1.4147 and low at 1.4094.
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