Aussie saw a quiet start to the Asian morning today after it opened at $0.9127 and then eased to $0.9112 after Japanese stocks opened. Aussie-dollar saw a brief rally after the release of Q3 construction work data, which were better-than-expected, and it traded $0.9130 before resuming the falls to $0.9101. The pair then ran into minor demand from $0.9100, some of it rumored to be by an Asian sovereign account. That hlped power the pair back through the early peak and it went up to a $0.9134 high in the late morning as the euro also gained and as China’s Shanghai Composite Index witnessed a late morning burst of activity with its more than 1% gain before the morning close. Aussie-dollar was last at $0.9127 and is seen needing a strong break above $0.9145 US session high, where minor offers are in place, to spur further gains toward $0.9200. Aclose above $0.9207 today is needed to relieve the immediate bearish focus while above the 100-day moving average, at $0.9279 is seen as necessary to return the focus to a retest of the $0.9393-0.9447 region.
