Aussie fell to a $0.9352 low after Friday’s US payrolls data but started this morning on a slightly firmer footing at $0.9387. Aussie-dollar got up to $0.9394 high in what was seen as a mild reaction to the weekend’s Chinese data releases but soon turned back down as the dollar held on to some of its gains. Aussie-dollar traded a session low of $0.9368 and then rebounded soon after the release of better-than-expected September housingfinance data. Aussie-dollar was carried back up to $0.9390 but failed to break new ground and the pair then consolidated off the low through the rest of the morning. Aussie-dollar was last at $0.9387. Immediate focus is on tests of the layers of support noted in the $0.9221-86 region, which include the 100-day moving average at $0.9267. A close above Friday’s high of $0.9470 would be needed to relieve the immediate bearish focus while above the 21-day at $0.9536 is needed to shift the focus further up.
