The pair closed in NY at $0.8855 last night after having traded a $0.8795-0.8882 range. It spent the early part of the morning holding a $0.8850 to $0.8858 range before breaking through $0.8860 as it tracked a sharp rise in the NZ dollar following the release of ANZ’s business survey for New Zealand. Aussie-dollar reached a high of $0.8870 but couldn’t sustain the gains and slipped back toward $0.8860. Dealers spotted Asian accounts also selling the aussie on the rally, which kept a lid on the pair from around mid-morning. Aussie-dollar then edged back up to $0.8866 in the latter part of the morning and was last at $0.8867. Stops are noted below $0.8830 and $0.8770 and on the topside above $0.8900
