Release Explanation: This release measures the total change of new credit issued to consumers and businesses within Australia. This is a monthly report that holds more significance as of late. This is due to the tightening global credit markets.

Trade Desk Thoughts: Private sector credit in Australia has slowed sharply, falling to 0.0 percent. This is the lowest level the index has reached since 1994 due to crumbling household wealth while consumer and businesses scale back on borrowing.

Forex Technical Reaction: The aussie has not reacted significantly to this release. Currently the pair his finding strong resistance in the area of the neutral pivot point.