AUD/USD] slipped

[AUD/USD] slipped to the day's low of 0.8930 in early Australasian trade before bouncing back towards the 0.8980 lvl just before the release of Aust Q2 Final Goods PPI which came in softer than f/c. That sent the pair a tad lower before the pair started resumed its climb towards the 0.9000 handle. However, after several failed attempts to surmount the 0.9000 handle during the European session, the pair broke through in late US trade to reach an o/n high of 0.9037 tripping stops at the 0.9020 level before opening this morning at this lvl. With no first tier Aust econ data due today, the pair is likely to trade with a firmish tone as Asian stocks are expected to follow Wall St higher. A test of resistance at 0.9078 & 0.9107 is likely over coming sessions as mkt players focus on the Aust CPI data on Jul 28 where a hot number is f/c. On the day, bids at 0.8970 by spec types will provide support & offers at 0.9070 by a US Prime will dictate the range.