FXstreet.com (Barcelona) – The Aussie dollar is recovering some ground lost after the NAB Business Confidence index fell to -3 in June, down from -2, and the trade balance figures in the Chinese economy have shown imports and exports declining from previous prints, although the trade surplus has widened to CNY 31.73 billion in June, up from CNY 18.70 billion.
Interesting week ahead for the AUD as Home Loans and unemployment rate are due in Australia, while Chinese industrial production, retail sales and GDP figures will be published as well.
The cross is down 0.23% at 1.0183 and a dip below 1.0143 would bring 1.0114 then 1.0044 and 1.0037
Resistance levels are located at 1.0245 ahead of 1.0263 then 1.0330 and 1.0355
