Aussie opened at $0.9080 this morning after another weak overnight session which saw the aussie drop to a $0.9065 low. Early morning trades saw aussie-dollar confined to a narrow $0.9075 to $0.9090 range and holding a generally offered tone after last night’s falls. The pair was held off last night’s low amid dip-buy interest said to have come from the $0.9060/50 region, the latter also believed to consist of option-linked demand. The pair then got another boost from the release of better-than-expected Q3 new capexdata and aussie-dollar jumped through $09100 for an initial high of $0.9124. The market then took aim at rumored buy-stops at $0.9130 and $0.9140 and sucessfully triggered them for a high of $0.9142 before $0.9150 offers then halted the move. The pair was last at $0.9131 as market action wound down in anticipation of a quiet day ahead due to the US Thanksgiving holidays. Looking ahead, a move above the 100-day moving average at $0.9279 is needed to see the focus return to a retest of the $0.9393-0.9447 region where the 21-day and 55-day moving averages and last week’s highs are all located.
