The Aussie also witnessed a relatively dull session today with no major data releases on tap, and as some semblance of calm returned to China’s onshore and offshore yaun markets. Aussie-dollar started at $0.9132 this morning and initially pulled back to $0.9124 lows. The pair quickly rebounded after Japanese stock opened and as the US dollar ran into early selling vs Asian FX. Aussie-dollar spiralled up to a $0.9158 high after it took out the overnight $0.9150 US session high but the move stalled after that. The marke then consolidated some of the initial moves and aussie-dollar eased to $0.9137 last, a level that coincides with the 200-day moving average. Immediate support for the aussie comes in below $0.9100, at $0.9085/80, with demand then expected at $0.9050, before the 100-day moving average below at $0.9016.
