AUD/USD Analysis

The pair started this morning with a spike to $0.8169 but then pulled back to around $0.8135 ahead of the Asian market open, just above its Friday US session low of $0.8123. Dealers said early demand from a US bank was behind the move higher in very thin markets. The subsequent selling saw aussie-dollar slip further to a $0.8132 low before the aussie then rebounded as dollar weakness appeared. Aussie-dollar re-took the $0.8160 level and continued on back to the session high of $0.8169 where gains were again capped. Aussie-dollar last trades at $0.8162. Looking ahead, immediate support is seen around the $0.8110/07 region with demand noted further down, around the $0.8100 mark. Up top, there are sellers noted toward $0.8200 and $0.8250.