AUD/USD Analysis

Aussie saw a quiet morning in Asia today after it had marked a $0.9116 to $0.9168 range in the US last night. Early sellers pushed the aussie lower after the pair failed to clear $0.9168 resistance level overnight and it went to $0.9145 in morning dealings. Aussie-dollar showed little reaction to the Westpac-MI consumer sentiment index for December. It extended the lows down to $0.9121 after dealers reported selling by an Asian account above $0.9130 and has since shown barely any recovery signs, trading at $0.9123 in the afternoon. Residual sell orders still in place above $0.9150, larger interest at $0.9165/70, and stops are seen building above the $0.9168 resistance level with a close above needed to hint at a bigger correction. Further offers are seen at$0.9180, with stops then expected on any move above $0.9200.