Aussie started this morning just under last night’s US session high of $0.9375, at $0.9372 and encountered minor weakness to $0.9366 in early dealings. It initially struggled to make any kind of meaningful rebound as regional stocks started weaker, but did manage to inch slowly toward $0.9384. Aussie-dollar gained further after the release of NAB’s business survey, triggering some stop-loss buy orders above $0.9385. That helped aussie-dollar up to a $0.9396 high before sellers then took hold and capped the move. Aussie-dollar retreated a bit back toward to $0.9380 and was last holding near there, at $0.9386. Ahead, offers are seen clustered on either side of $0.9400, with stops expected on a break above, more sellers then noted at $0.9420/25. On the downside, bids are at $0.9325/20, with stops also seen below the latter mark, before further demand then comes in at $0.9310/290.
