Aussie started today’s session at $0.9367 and spent the early hours of the session in a rather narrow $0.9361 to $0.9377 range. It continued to creep higher as Asian markets got underway, with traders initially noting interest to build some long aussie positions leading up to the release of Q1 CPI data. The data came in below forecast and aussie-dollar slid to $0.9326 immediately after. Earlier reported demand at $0.9325 briefly held the downside but then gave way, with the 21-day moving average also then crumbling. Aussie-dollar held above $0.9310 as the market paused to wait for the HSBC China flash PMI, and then resumed its decline through $0.9300 for $0.9296. The move paused just shy of rumored stops at $0.9295 before another round of selling then hit the aussie late in the Asian morning. The losses then resumed and it sank to an Asian afternoon low of $0.9277 after smaller stops at $0.9280 were taken out and was last at $0.9288. Further down, the next layer of bids are seen down at $0.9250 and at $0.9220
