Australian Business Confidence (AUD/USD)
Written November 9, 2009 at 7:41 PM EST by Alex Chernomordin
The Australian Business Confidence and Conditions readings for October beat Septembers, however the AUD is little changed as it already trades just off 2009 highs. The release was as follows:
NAB Business Confidence - Actual:12 Prior:3
NAB Business Conditions - Actual:16 Prior:14
On the trendline below, that we have been following since this summer was hit twice to begin November and has survived both tests, followed by today’s move toward the highs. It will be critical to see the pair break the highs and follow through otherwise another test of the trendline could be upon us. However, the next test could be harder to survive.
time to... (Feb 4, 2010)
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