The AUD/USD opened at $0.8205 this morning and picked up early demand on the back of a softer US dollar tone earlier. Aussie-dollar got up to $0.8218 initially and then went further up to $0.8230 as Asian markets got underway. The move was cited to demand from local corporate accounts but it paused there for a while. The rate held near $0.8218 as housing finance and ANZ job ads data were released before marking anothet small rise to $0.8233 about an hour later. Aussie-yen’s move through an important resistance level near Y97.50/55 sparked another late morning rush higher with aussie-dollar this time trading up to $0.8250 and testing rumored offers there from domestic importers. It last trades just off that at $0.8244. No real resistance for the aussie is seen until $0.8325 (38.2% fibo on the $0.8794/8035 fall), hourly support seen down at $0.8165.
