The pair closed in NY on Wednesday at $0.9345 after having traded a $0.9263-0.9351 range on the day and started the Asia-Pacific day with an early dip to $0.9338, which turned out to be the low for the morning so far. It traded between there and $0.9346 in the initial few hours and edged up to $0.9356 after Asian markets got underway. The release of Australia’s July trade and retail sales data provided the aussie with a lift through stops at $0.9360 and to a $0.9365 high, as retail sales met expectations while trade data beat forecasts. The gains were again shortlived as the aussie ran into selling interest off the high and it deflated to $0.9345 toward the late morning. Aussie-dollar lasttrades at $0.9348, with sell orders noted at $0.9370/80 before further stops are then seen above $0.9380. Stops are also noted below $0.9300, $0.9260 and $0.9230 today.
