It was another choppy session for the Aussie after it witnessed another relatively sharp retreat on the back of soft economic data out earlier. Aussie-dollar opened at $0.9033 this morning and after some subdued early trading activities, fell through the initial lows to $0.9014 . That came after the ABS reported Australia’s trade balance remained in deficit for 22 months in a row, widening in October as exports fell 0.1% while imports rose 0.8%. Aussie-dollar’s decline turned out to be shortlived though as short-covering took hold. Aussie-dollar edged past the initial session highs and squeezed out further short positions, driving the pair up to a $0.9050 high but failing to trigger buy-stops sitting further up. Aussie-dollar was last at $0.9040, with further offers then seen in the $0.9060/70 region and larger offers then at $0.9100. Support meanwhile is seen down at $0.9000, where there’s been chatter of a large barrier
