The pair started the new week in the Asia-Pacific at $0.7714 and kept to a $0.7706 to $0.7727 range in early dealings. Better than expected China trade data released over the weekend saw little reaction in the market but mildly improved risk appetite helped lift the aussie up to $0.7728 soon after the Japanese stock market opened. The release of the ANZ job ads data put a dampener on the aussie’s rise, particularly in relation to ANZ’s statement that the RBA may cut the cash rate a third time this year. Aussie-dollar slipped below $0.7700 after the data were out and traded an initial low of $0.7696. It extended the low to $0.7684 in the afternoon as $0.7692 support failed to hold but saw a small recovery in late dealings to last trade at $0.7694. Up top, sellers are noted around $0.7800 while resistance is seen ahead of that at $0.7780/86.
