AUD/USD Analysis

Aussie spent a quiet first few hours of the session holding between $0.9375 and $0.9392 after it had opened at $0.9373 this morning. It held around $0.9390/95 heading into the release of the HSBC China flash PMI and was then given a sharp boost through $0.9400 when the reading came in surprisingly high. Aussie-dollar went through minor stops above $0.9400 and then ran through rumored sellers at $0.9440 for a high so far of $0.9444. It has since been held up near there and was last at $0.9438. There are rumored offers ahead at $0.9450 with the 2014 high then coming in above that at $0.9461, traded on April 10. On the downside, initial support is noted at $0.9367 with small stops noted below $0.9360 and more below $0.9320 and $0.9300