The pair traded a $0.8916-89 range on Friday before closing on a bearish note at $0.8924 and above the lows for the week of $0.8904 set on Thursday. The aussie started the new week at $0.8894 this morning in Asia, and found itself stuck trading on either side of $0.8900 through the early hours of the session. It dropped to a $0.8891 low less than hour after Japanese stocks opened lower but recovered a bit after that to around $0.8910. The release of HSBC’s final PMI and the CFLP non-manufacturing PMI calmed risk sentiment a bit and aussie-dollar then found short-term support as it climbed through $0.8910 to an afternoon high of $0.8925. Aussie-dollar was last at $0.8915, not very far from where it had closed last week. A close below Thursday’s $0.8904 low is seen as bearish for the pair, with a move then toward $0.8870 support to follow withthe pair then seen targeting a retest of the 2014 low at $0.8662, traded on Jan. 24
