After having failed to retest the $0.8469 resistance level Thursday the AUD was looking a little heavy heading into the NY close. It started today’s session at $0.8385 after having traded a $0.8356 to $0.8429 range yesterday. Similar to euro-dollar, aussie-dollar marked small early gains to $0.8395 in the early hours of trade but failed to make further headway beyond that. The release of Australia’s AiGroup/HIA construction index didn’t spark off any major moves in the ausse before profit-taking interest and position-adjustments ahead of tonight’s US payrolls release as well as the weekend saw aussie-dollar deflate to a low of $0.8375, where the morning moves stalled. Aussie-dollar then crept back up toward its opening levels and was lat traded at $0.8384. Ahead, strong bids are noted around a $0.8350 barrier, with stops noted below that and $0.8300 today. A close above $0.8469 would shift focus back to layers of resistance in the $0.8551-0.8652 region where the 21-DMA and falling daily trend lines are located. Stops are noted below $0.8350 and $0.8300 today and topside above $0.8435, $0.8475 and $0.8550.
