AUD/USD chart - Trading View
AUD/USD was trading 0.28% lower on the day at 0.7254 at around 07:00 GMT, intraday bias neutral.
Data released earlier today showed Australian business investment jumped to two-year highs in the June quarter as firms ramped up spending plans for the year ahead.
Australia Private Capital Expenditure (CAPEX) for during the second quarter rose to 4.4%, well past 2.5% forecast but stayed well below 6.3% prior.
AUD/USD remains on the back foot, snaps three-day uptrend despite upbeat Aussie Capex data.
Virus woes along with cautious sentiment ahead of the Jackson Hole Symposium exert additional downside pressure on the pair.
AUD/USD stays below 21-EMA resistance, decisive break above will fuel further upside.
