AUDUSD higher after Capex Numbers

AUDUSD has jumped back above 6500 after the Capex Numbers were just released.

Private new capital spending on buildings and equipment rose 6% in Q4 2008. The consensus was for -3.3%.

AUDUSD has run up to 6505 on the back of those numbers. However to watch level is still 6550. Look to sell rallies into 6520-30 with a stop above 6550. As Sean mentioned this morning stops under 6450.