The Australian dollar closed at a four-month high on Friday but it couldn’t hold above 0.9300 as risk trades deteriorated. Now the aussie is on the defensive, down 32 pips to 0.9260.

AUD/USD daily chart

AUD/USD daily

There is some minor demand in the 0.9250/55 zone. More small bids are down at 0.9225/20. Strong demand is down at last week’s low of 0.9206 and stretching down to the big figure. Stops below 0.9180.