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AUSSIE: AUD/USD has slipped after the release of NAB Business Confidence Survey
for December. Headline Confidence Index weakened to -2 from 0, while the
Conditions Index fell to 3 from 4. Accompanying commentary notes that "the more
significant impact [of bushfires] is likely to have occurred in January" adding
that NAB "think that more policy stimulus will be needed to boost the economy
- The rate last trades -8 pips at $0.6753. Support from yesterday's & Oct 17
lows at $0.6752 has shown resilience so far and continues to limit the downside.
As highlighted in the previous bullet, a break here would expose the Oct 16 low