AUD/NZD has snapped three-day losing streak in Asian session and is holding well into the positive territory on the back of an upbeat Australia forward looking capex data release. Still below hourly 50-MA However, the positive action post Aussie data release failed to push the cross through hourly 50-MA hurdle seen at 1.0394 levels. The cross did test 1.04 but quickly retreated to 1.0385 levels where it traded at the time of writing. Gains have been capped due to positive action in the NZD/USD pair. Nevertheless, the AUD/NZD cross is holding on to its gains, courtesy of the data released in Australia which showed the ... (full story)