A subdued day for the currency with no major data as weakness on the crosses saw the market give back some of the Thursday gains. The Aussie has found staying at the $0.94 handle difficult so far this year, and today made it’s session highs early before drifting to the lows by midday. A range of $0.9409/27 was made in that period before bids came back on the crosses to the EUR and JPY ahead of Europe. Also some lifting of AUD/NZD shorts after the big move lower yesterday, as RBNZ Assistant Governor John McDermott said currency traders are mispricing the kiwi after yesterday’s rate rise. Sellers in AUD/USD seen above at $0.9435 then $0.9450 with $0.9461 the year’s high, and buyers below at $0.9410 which stopped the slide, then $0.9350, around yesterday’s low. Stops seen below $0.9340
