The pairclosed in NY at $0.8760 after having again largely traded sideways, this time within a $0.8749-0.8806 range on the day. The aussie ran into early pressure as it tracked initial kiwi weakness and traded down to a $0.8719 low after opening at $0.8762. The aussie found early support from aussie-kiwi gains and recovered to around $0.8760 but a subsequent kiwi recovery sparked another reversal in aussie-dollar. The aussie fell back to around $0.8730 after that with added selling pressure seen coming from aussie-yen decline following the Ebola patient in New York reports. The market stabilized a bit toward the late morning in Asia with aussie-dollar then holding around $0.8740/50 as the market looked to the start of the weekend. Aussie-dollar was last at $0.8755 with demand now seen extending from this morning’s lows, down to $0.8700. A close above $0.8862 would hint at a break higher with a close above $0.8898 needed to confirm and shift immediate focus to the $0.9004-24 region. Stops are noted topside above $0.8840 and $0.8900 today and on the downside below $0.8640.
