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FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains

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AUD/USD regaining lost ground

Thursday, February 26, 2015 4:05 AM UTC

AUD/USD reclaiming earlier losses following the soft CAPEX data
Soft CAPEX brings March rate cut into view
Odds of a March rate cut went from 39% just prior to data to 52% last
AUD/USD doubtful to recover ahead of RBA with 50/50 chance of rate cut
Sellers landed just above 0.7900 despite reported stops starting at 0.7910
Support comes in at 0.7790 (20-dma) - break here lifts downtrend

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AUD/USD regaining lost ground

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