Aussie traded between $0.9253 and $0.9301 last night in the US before it started today’s session at $0.9287. Aussie-dollar spent the initial few hours trading below $0.9300 as offers there kept the rate under pressure. The release of China’s CFLP PMI resulted in a mixed reaction with aussie-dollar initially gaining but then losing ground again toward the morning low of $0.9277. Aussie-dollar caught another leg higher after the the release of Australia’s Q1 export and import price indices, this time marginally pushing through $0.9300 and triggering a series of minor stop-loss orders, for a high of$0.9306. Aussie-dollar again failed to hold those gains and slipped back last trade at $0.9289 as the market consolidated and squared up ahead of a European holiday today. Ahead, further stops are noted at 0.9315 and at $0.9320, along with some large sellers also there, with buyers believed to have demand staggered below $0.9250 ahead of the $0.9200 option.
