• 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