The pair had a lackluster session this morning after it had closed in the US at $0.9357. Early dealings in the Asia-Pacific saw aussie-dollar taking its lead from moves in the New Zealand dollar. Aussie-dollar traded a high of $0.9360 in the opening minutes as kiwi traded up to $0.8385. The aussie then turned lower after kiwi following the release of NZ building consents data. Losses continued through the morning with aussie then hitting a low of $0.9347 while kiwi sank to $0.8358 soon after the release of ANZ’s business confidence and activity outlook for New Zealand. While kiwi remained near the lows through the session, aussie-dollar saw a modest recovery courtesy of moves inaussie-kiwi. Aussie-dollar was last at $0.9350 with the cross at NZ$1.1176, in the middle of a NZ$1.1159 to NZ$1.1192 range. Below this morning’s low, the next area of aussie demand is noted down at $0.9325/20 and then $0.9300, with the 21-day moving average offering minor support at $0.9310
