After a rather subdued Monday session for the Aussie, the aussie drifted down to a low of $0.9344 during a subdued NY session overnight amid thin market conditions due to the Veterans Day holiday. It started this morning’s session in a narrow $0.9353/68 range after opening at $0.9359. Aussie-dollar was held near $0.9364 afew minutes before the NAB’s business confidence survey while attention was also on news from China’s communist party meeting, which ends today. The pair then fell through last night’s $0.9345 low after a rather downbeat NAB business confidence report and continued on until a $0.9337 low. It then saw a marginal recovery to $0.9350, supported by strongdemand from $0.9320 and then at $0.9300. Toward the end of the morning, aussie-dollar was back down again after a $0.9325 morning low, and was last at $0.9331. Up top, stops are noted above the $0.9395 level, while moderate offers are mentioned clustered around $0.9400, with stops then seen again above $0.9430.
