It’s been a subdued session for the aussie this morning after it opened at $0.9362 and then marked an early high of $0.9377. That turned out to be the peak for the aussie this morning as broader losses in regional stocks weighed on risk sentiment and, in turn, the aussie. The rate went to $0.9363 in early Asian dealings and tehn to $0.9359 after Japanese stocks opened lower. It eventually traded a low of $0.9357 in Asia and then recovered some lost ground to $0.9367 in the late morning, where it stayed through the rest of the morning. Afternoon dealings saw aussie extend its lows through $0.9350 for a low of $0.9347 as regional stock markets remained soggy and appeared to likely to end the session mostly lower. Aussie-dollar last traded at $0.9349 with support noted at the21-day moving average at $0.9322 and further layers of support then seen at $0.9319. On the topside, the rate si currently seen lacking sufficient momentum to challenge its next layer of resistance between $0.9380-$0.9400. The highlight of the week ahead will be the minutes of the May 6 RBA meeting due out on Tuesday
