The pair opened at $0.8118 this morning following a four-day weekend and traded marginally higher to $0.8127 in the pre-Asian hours on reported demand mainly from around $0.8055/50, according to dealers. The gains were capped for a while and aussie-dollar retraced back to $0.8111 on initial US dollar gains before rebounding again as risk sentiment improved and regional stock markets rose. Aussie-dollar broke higher to $0.8133 and followed up with a brief pop to a $0.8137 high before backing away. It last traded at $0.8137, with last week’s Christmas Eve low of $0.8097 seen during the Asian hours considered the main near-term support and decent demand still noted at $0.8055/50 while up top, sellers are seen at $0.8145/50.
