AUD/USD extending losses on bearish gap

FXStreet (Guatemala) - AUD/USD is trading at 0.8261, down -0.36% on the day, having posted a daily high at 0.8305 and low at 0.8255.

Conditions in the business sector of Australia dropped which has impacted the currency yet again the basis of poorer employment prospects in the economy.

AUD/USD has made a fresh low for the session on the back of the results and continues to move deeper along the bearish trend exceeding overnight lows below the bearish gap. Further downside levels come with 0.8259 (Daily Classic S1), 0.8255 (Daily Low), 0.8246 (Weekly Classic S1) and 0.8226 (Daily Classic S2).

Dec 9, 2014

Australia: Further erosion of business confidence - NAB

National Australia Bank's business confidence (Nov) came at 1 vs 5 prior, with business conditions (Nov) standing at 5 vs 13.

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Dec 9, 2014

ABS supports Labour Force estimates technical review findings

The ABS’s 'independent technical review into the Labour Force survey' has been published, noting that changes to the timing of the supplementary surveys were the main contributing factor to recent volatility in the seasonally adjusted estimates, adding that there will not be any further refinements to the methodology applied to the Australian Labour Force estimates until the annual seasonal reanalysis is undertaken in early 2015.

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