NAB business confidence for July 2 versus -1 previous (revised from 0)

<ul><li>Business confidence 2 versus -1 last month (revised from 0)</li><li>Business conditions 10 versus 11 last month (revised from 9)</li></ul><p>Better data from NAB.</p><p>The AUDUSD has been breaking to the downside with the overall USD buying. The price of the AUDUSD has moved below its 100-hour moving average of 0.6564, and also below a swing area between 0.6555 and 0.6566 (see chart below). Staying below is the risk now. </p>

This article was written by Greg Michalowski at www.forexlive.com.