Aussie started this morning at $0.9390 after Friday’s $0.9336 to $0.9411 range. The aussie traded that high during the US hours but retreated toward the session close. Aussie-dollar made another attempt for a rally through $0.9400 this morning but the move stalled after $0.9401 was traded. A slight pullback followed before the market made another attempt at $0.9400. Failure to maek any meaningful progress led to aussie-dollar unwinding, and it quickly dropped back to a $0.9384 low. A small bounce has since been seen with the pair last at $0.9392, with sellers noted at $0.9420 and $0.9450, while bids are seen at $0.9365/60 and at $0.9320. Stops are seen above $0.9415, $0.9460 and $0.9505 today with a close above the 21-day moving average at $0.9398 to confirm an easing of bearish pressure, shifting focus from the $0.9322 key support back to the 2014 highs.
