Another lackluster morning session for the aussie today, with players counting down to the new year and staying on the sidelines ahead of the New Year’s Day holiday on Wednesday. There are no major data releases due this week and this was exacerbating the already hushed trading conditions. Aussie-dollar opened at $0.8871 this morning and ran into minor weakness through the early hours of Monday. It slipped to $0.8846 prior to the Asian open and sank further to $0.8834 in mid-morning Asian trade. Aussie-dollar was last at $0.8848, with little signs of any sort of major rally seen so far. The immediate focus for the aussie remains on re-tests of the recent 2013 low of $0.8820, with a break lower then targeting the falling weekly channel base and Aug 2010 monthly lows in the $0.8762-71 region.
