The pair started today’s session at $0.9112 and witnessed a dip below $0.9100 in thin, early dealings to $0.9075, weighed down by selling in aussie-yen and aussie-kiwi crosses, dealers say. Aussie-dollar was then carried up as risk appetite improved slightly and yen crosses edged higher, although aussie-dollar showed little reaction to the release of NAB’s business survey and housing finance data earlier, holding near $0.9090. It continued with a slow plod higher through the morning, just poking through the initial $0.9112 high to reach $0.9115 before sellers around the $0.9130 level then moved to cap the pair. Aussie-dollar was last at $0.9102. Looking ahead, the $0.9167 level remains key for the aussie with a close above needed to confirm a correction isunderway, with the 21-day moving average then ahead at $0.9197.
