Share: Australian NAB’s Business Confidence improved to 10 in January from 5. The poor performance of equities put a limit to AUD/USD appreciation. AUD/USD is comfortable above 0.7700, but additional gains are still unclear. The AUD/USD pair advanced for a third consecutive day, reaching 0.7735 and retaining most of its intraday gains ahead of the close. The pair surged at the beginning of the day, unable to extend its advance, as the poor performance of equities offset the broad greenback’s weakness. Data wise, Australian data was mixed. January NAB’s Business Confidence improved to 10 from 5, beating expectations. NAB’s Business Conditions in the same period, however, contracted to 14 to 7. Early on Wednesday, the country will release February Westpac Consumer Confidence, foreseen at -3% from -4.5% in the previous month.