Aussie opened at $0.9398 this morning after a $0.9390 to $0.9420 range overnight in the US. Early dealings saw the aussie mostly pinned back below $0.9400 before it pushed through around mid-morning in very light trading. It ran into mild resistance at $0.9410 but then recovered again to trade a high of $0.9416. There’s been some consolidation off the high as markets brace for the European open and the weekend, with the aussie last at $0.9407. Bids are cited at $0.9380/75 and toward $0.9350, while offers are noted at $0.9430 and at $0.9450/60, with minor stops also mixed in there. A close below $0.9367 is expected to ease bullish pressure a little while a close below the 21-day moving average at $0.9322 is needed to end bullish hopes and see the focus shift back to the $0.9196-0.9233 region where the 100- and 200-days are located.
