Aussie also witnessed a subdued session this morning amid a lack of any major economic data releases. A holiday in Japan and a shortened trading week due to the Christmas holidays also essentially kept interest in aussie-dollar at a minimum, and the pair was largely contained within Friday’s US trading range through the Asia-Pacific morning today. Aussie-dollar opened at $0.8925 and then slipped to a $0.8917 low ahead of the official Asian open. Mild opening gains in some of the region’s main stock indices helped lift aussie-dollar back up to $0.8928 initially and then to a high of $0.8933 before it reversed direction again. Late trades then saw aussie-dollar take aim at rumored stops above $0.8960 and the pair got up to a $0.8945 high before offersat $0.8950 capped the move again. The pair was last at $0.8942 higher than where it had ended on Friday, at $0.8923. A close above the $0.8994 level remains needed to relieve the bearish pressure while above the $0.9167 level remains needed to end current bearish aspirations and see the overall focus shift higher
