The pair also witnessed a quiet session this morning, as it briefly recovered some of the ground lost overnight before turning back down again despite US dollar weakness elsewhere. Aussie-dollar opened at $0.8530 and inched up in early dealings to $0.8541 initially before breaking above the US session high of $0.8552 on rumored demand from Australian corporate accounts, and then to an Asian morning high of $0.8563. The gains were capped there though as sellers then appeared from $0.8580. Aussie-dollar was quickly knocked down to $0.8540, where it stayed for a while. Losses resumed after that and aussie-dollar slipped to $0.8528 although it held above the $0.8524 pre-Asian lows. Aussie-dollar was last at $0.8539, with strong bids cited around the $0.8500 mark, largely linked to a reported barrier there, likely to keep the pair supported for now. Further stops are noted below $0.8500. Initial resistance is noted in the $0.8466-0.8652 region with a close above $0.8652 to confirm an easing of bearish pressure
