Aussie slipped below $0.9000 in European hours for a low of $0.8965 before recovering again during the US session to regain the $0.9010/20 zone. It got up through $0.9040, a variety of names cited behind the move higher before it then stalled again at a $0.9050 high. Ahead of the Asian start, aussie-dollar was in a $0.9028/40 range with an eye on Chinese markets and this week’s Q4 capex data for trading leads. The aussie gained after the yuan was fixed higher but the subsequent drop triggered a move out of risk assets and pushed aussie-dollar down from highs above $0.9040 to $0.9020. Thepair recovered some lost ground later in the session but failed to make any meaningful rebound back toward the initial highs, and was last at $0.9027. A break above the $0.9050 US high is seen encouraging further gains but further up, aussie-dollar is seen needing a strong move through the sellers at $0.9085 before any attempt at piercing $0.9100, or risk a reversal back through $0.9000 again. Last night’s $0.8979 US session low serves as immediate support for now, while minor bids are seen higher, from $0.9000
