FXstreet.com (Sydney) - The Aussie has lost more ground to the USD falling to 0.9179. The Aussie opened half a cent lower in the local session as risk-averse investors consolidated gains. The pair maintains support at 0.9152, resistance at 0.9206 and is considered slightly bullish.
As reported in the SMH, is operating lower after sharp movements in the dollar during the offshore session. Mr Tim Kelleher, Commonwealth VP of institutional banking, said the overriding thing is probably a risk factor again... and as such, the market is taking profit.
US housing data in the week may provide some direction to the market as it looks for confirmation that the US recovery is on track.