FXStreet (Guatemala) - AUD/USD is back on its feet after a thumping to the downside with the recent disappointment coming from the economy.

The move lower when the pair dropped 50 pips on the off came on the release of Australia’s private capex disappointing at at -5.2% vs -1.3% expected. The pair dropped from over 0.8960 to mark a low of 0.8916 n the session. The aussie has however managed to pull its self up with the ropes and is stumbling about the 0.8940’s and make steps towards the bears to challenge the descending resistance line from 0.9020. Karen Jones, chief analyst at Commerzbank said to consider support at 0.8825 (December low) guarding the key support at 0.8683/0.8660 (the 2011-2014 channel base, the 38.2% retracement of the move from 2001 to 2011 and the recent low).