Another positive session for aussie this morning as the pair rose to a near-1-month high following the release of housing finance data and the NAB’s business survey results. Aussie-dollar started the morning stuck in a narrow $0.8940/50 range after it had opened at $0.8949 earlier as the market waited for the morning’s data releases for trading leads. Aussie-dollar then jumped to $0.8973 immediately after the Australian data releases and then pushed through $0.9000 a few minutes later, the first time it has done so since Jan. 13. Aussie-dollar ran through some rumored small stops at $0.9010 before pausing at $0.9016. It backed away after that as the move ran out of steam, and in the face of sell orders from $0.9020. Aussie-dollar was last at $0.9012, with stronger sell orders then seen toward $0.9050. Support is seen at the US low of $0.8922.
