Aussie continued with its recent bearish tone through the morning today but took little notice of earlier data releases like the RBA’s private sector credit numbers. Aussie-dollar opened at $0.9114 after trading a $0.9084 to $0.9149 range during the European/US hours overnight. Aussie-dollar slipped under $0.9100 some time after the Tokyo fix this morning, on a combination of pre-weekend positioning and some aussie-negative corporate news. Aussie-dollar retreated through the morning and traded a $0.9045 low and while it has since regained some of the lost ground, the pair has struggled to stage any kind of rally back through $0.9100 so far this morning. Aussie-dollar was last at $0.9076. Overall focus remains firmly on retests of the 2013 low of$0.8850 with a close above Wednesday’s high needed to relieve the immediate bearish focus. Above the 100-day moving average at $0.9279 remains needed to see focus shift to a retest of the $0.9393-0.9447 region.
