AUD/USD Little Changed, Business Confidence Slips

by Benzinga Staff
August 9, 2016 5:54 AM | 29 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

AUD/USD is trading at 0.7653, down 0.0007.The pair is trading just under the session highs after showing some weakness overnight. Market chatter about money flows, regional growth and Australian economic data is making the rounds. The National Australia Bank (NAB) business confidence survey slipped to 4 in July from a downwardly revised 4 in June. The Business conditions portion of the survey slipped to 8 from 11. The Westpac-Melbourne Institute Consumer Sentiment is set for release at 8:30 p.m. ET. Australia's Bureau of Statistics is scheduled to report reported home loan data at 9:30 p.m. ET.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: FuturesForexMarketsAUD/USDAustralian dollar

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