Aussie closed in NY Tuesday at $0.9268 dipping from the highs in the last hour of trading after a $0.9247-77 range on the day. Early Wednesday dealings saw aussie-dollar marginally push higher after an initial $0.9264/70 range, to reach $0.9271. It extended the gains to $0.9276 after the release of Westpac-MI consumer sentiment and then pushed further up to $0.9279. Sellers at $0.9280 momentarily limited the move but the pair eventually broke through and triggered stops above, which helped the aussie up to a $0.9288 high. Gains faded after the Chinese data releases, and aussie-dollar slipped back to trade a $0.9274/84 range for the rest of the session so far. Aussie-dollar was last at $0.9283 and remains capped below the initial $0.9292 resistance level with stops noted above $0.9300 and $0.9375 today. While $0.9292 caps immediate focusremains on the $0.9179-0.9202 region with stops also noted below $0.9230, $0.9200 and $0.9170.
