Aussie had a dull morning so far Monday, with the aussie stuck in a $$0.9376 to $0.9410 range. It started at $0.9390 and ran into some early pressure which pushed it down to the session low before Japanese markets opened. It rebounded to $0.9395 after that and made only a tentative move through $0.9400 soon after but failed to make any meaningful test of the $0.9418 high traded in the US last Friday. Aussie-dollar slipped back and consolidated below $0.9400 through the rest of the morning, and was last at $0.9393. Key economic event risk comes for the aussie on Tuesday with the release of the Monetary Policy Meeting Minutes although the market will look to US Retail Sales in NY Monday to impact volatility. Stops are noted below $0.9345 to start the week and above last week’s fresh 2014 high at $0.9461.
