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Australian business conditions picked up in September as sales and profits rebounded while a marked rise in forward orders pointed to further growth ahead, a survey showed on Tuesday. National Australia Bank's monthly survey of more than 500 firms showed its index of business conditions rose one point to +8 in September, to remain above its long-run average.

Its index of business confidence held at +6, after bouncing two points in August. Measures of sales and profits both rebounded in the month, with sales hitting a strong +17, though employment fell back three points to +1. Boding well for the outlook was a hefty six point jump in forward orders to a high +8, while the survey's measure of capital spending also climbed to a strong +8.

 

Aussie is currently being traded around 0.7550 area. Pair is likely to find suppot at 0.75 handle and resistance above 0.76 level.

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