FXstreet.com (Sydney) - The Aussie continued to lose ground to the USD falling to 0.9255. The pair has dropped steadily since it opened at 0.9294 and is considered slightly bearish. The Aussie finds support at 0.9230 and resistance at 0.9285.
CMC Markets analyst David Taylor said that the unit had been trading in a narrow range because there was little economic data to give traders direction. However, he also added that Australia's relatively high interest rates should keep the unit above 0.9250.
In the US, there are suggestions that the central bank could wait until 2012 to lift interest rates there.