Aussie started this morning at $0.9307 after powering to a $0.9313 high during the European session yesterday. It ran into early weakness to $0.9301 but then recovered as asussie bulls rode on the kiwi’s early strength to lift the aussie off the lows. Aussie-dollar initially ran into some resistance at $0.9318 but it eventually cleared that and went up to a $0.9325 high soon after the release of the RBA’s private sector credit data. Aussie-dollar however failed to hold on the highs and slipped back toward $0.9315 where it then held. Aussie-dollar was last back up again at $0.9324. Talk persists of good-sized aussie-dollar option expiries due today with strikes at $0.9290 and $0.9300,while offers are noted at $0.9330 and $0.9350. Stops meanwhile are noted below $0.9270, $0.9200 and $0.9170. Topside stops are noted above $0.9335.
