The pair traded a $0.9188 to $0.9288 range during the US hours overnight before it started this morning at $0.9203. It marked small gains in early dealings, to a high of $0.9218 but couldn’t sustain the move higher. Sell orders from around $0.9255 knocked the pair lower in thin market conditions, and it slipped through the opening levels and through $0.9200 to $0.9189 initially. The move followed a rather disappointing reading of the Westpac-MI September consumer sentiment survey, which fell 4.6% m/m to 94.0. A brief pause there as the 200-day moving average came into view at $0.9182 before the downmove resumed, mainly a consequence of the US dollar’s broader rise this morning, and aussie-dollar then fell to $0.9163 low. There’s been a limited recovery off that low with aussie-dollar last traded at $0.9174.
