Aussie initially reacted positively to reported comments from Chinese Premier Li Keqiang on the Chinese economy after it opened at $0.9259 early today. The aussie broke out of the early $0.9255/65 range after Li’s remarks and broke through the overnight high of $0.9272. The move then triggered stops at $0.9280 and pushed aussie-dollar up to a high of $0.9295, its highest since Nov. 21. The gains however ran aground in the face of stiff selling interest from $0.9300. Aussie-dollar’s failure to break through $0.9300 then opened the pair up to pre-weekend unwinding, and it then eased to $0.9266 in the early afternoon. Aussie-dollar was last at $0.9270, with resistance seen above $0.9300, at $0.9335, the high of Nov. 21 and $0.9339, the 61.8% retracement of its $0.9758 to $0.8660 Oct-Jan move
