Aussie spent most of the session grinding higher after a range-bound morning session, after initially being one of the few currencies to not be weaker vs. the USD. The USD strength turned to weakness over the Asian lunch which prompted another move from around $0.9360 to see us just regain the $0.94 handle at time of writing. The RBA Minutes for the Nov 5th meeting on Tuesday remain the domestic focus, with plenty of Fed speak to watch for in the night sessions (Bernanke speaks Wednesday 1100 AEDT). The Aussie is meeting strong offers here at the figure, and will see further selling around $0.9420 (55 day m.a) then $0.9450. First support around the day’s low ($0.9359) then $0.9326 (Friday night low).
