The pair started this morning’s session at $0.9063 and made a marginal high of $0.9071 after the release of the AIG Construction index. The aussie was trading around $0.9063 immediately prior to the release but eased back to $0.9060 soon after trading the highs in the face of aussie sell orders at $0.9075-80, the region of last night’s US session highs, ahead of stops above $0.9085, and then eases further to a $0.9054 low. Aussie-dollar found support off $0.9050 and rebounded to $0.9060 soon after. Flows dried up in the later part of the morning as players positioned for tonight’s US non-farm payrolls data. Through the early afternoon, aussie-dollar was mostly confined to a$0.9055 to $0.9065 range, and was last at $0.9062. Minor support initially seen below the morning low, at $0.9040, with bids then cited lower at $0.9015 and then at $0.9000.
