Aussie started just above $0.9000 and early market action saw the market target rumored stops above $0.9010 amid positive risk sentiment following a positive close in US stocks. Aussie-dollar got up to $0.9015 after Japanese stocks opened up but ran into sellers off the initial high. The subsequent retreat saw the pair slide back through $0.9000 and with the lower China yan fix then also putting additional pressure on the aussie. The pair sank to $0.8982 as aussie-yen also retreated to Y92.00 fromt he earlier high of Y92.37. Aussie-dollar has seen only minor recoveries off the low, struggling to regain a foothold above $0.9000. The pair was last at $0.8989 compared with the US close of $0.9007. Looking ahead, the $0.9085 Jan monthly high remains key resistanceas we head toward the weekend, with a close above this level needed to kick start bullish momentum and see focus shift to layers of resistance in the $0.9147-0.9248 region.
