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Fundamental Analysis
AUD/USD
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[QUOTE="HotForexsignal, post: 159621, member: 58463"] [B]AUD/USD: Mildly bid in the region of above-predict NAB survey readings[/B] AUD/USD jumped 10 pips upon the urge as regards of above-predict NAB survey readings. Business confidence index rose to 4 points in January, beating the forecast of 3 points. Meanwhile, the matter conditions index rose to 7, beating the received rise to 4 by a big margin. An uptick in National Australia Bank's (NAB) survey indices has put a mild bid out cold the Aussie dollar. As of writing, the AUD/USD pair is trading at 0.7069, representing a 0.10 percent profit upon the hours of daylight, having clocked a session high of 0.7075 soon back press times. National Australia Bank's (NAB) business conditions index rose from +2 points in December to +7 in January. The long-term average is +5.8 points. Meanwhile, the thing confidence index enlarged slightly from +3 points in December to +4 in January but is yet below the long-term average of 6.0 points. While the data could dispel bearish pressures as regards the Aussie dollar, the bounce could be shortlived, courtesy of dovish Reserve Bank of Australia (RBA) expectations. Last week, RBA's officer Lowe stepped in the future from its longstanding tightening bias, by putting rate cuts backing upon the table. [/QUOTE]
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