AUD/USD Analysis

The AUD/USD started this morning’s session with a slight downtrend, after it opened at $0.8157. Soft risk appetite after the start of regional stocks weighed on the aussie, and it fell to $0.8128 as aussie-yen also was pulled down to Y96.05 lows on selling from Japanese accounts. The aussie recovered over the next hour but initially was capped at $0.8167 on reported selling interest in the $0.8175/85 region. Aussie-dollar broke higher again after the release of Chinese trade data for December as it took on those earlier reported offers. Aussie-dollar ran through $0.8180/85 and went further to a high so far of $0.8198 as aussie-yen also rallied. Aussie-dollar backed away from the highs in the afternoon and last trades at $0.8179. Stops are noted below $0.8125, $0.8080, $0.8025 and $0.8000. Topside stops are noted above $0.8260 and $0.8300