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Aud/Usd: Asia open $0.7986, range............>

AUSSIE
MNI (London)
AUSSIE: Aud/Usd: Asia open $0.7986, range $0.7974-0.8016. Europe open $0.8002,
range $0.7993-0.8010.
* Aud opened Asia toward the lower side of yesterday's $0.7971-0.8044 range.
* Increased optimism over US Tax reform lifted UST yields, with Usd boosted
across the board.
* Ahead of local data Aud eased from $0.7988 to $0.7974.
* Strong local jobs report saw Aud vault higher from around $0.7975 to $0.8016. 
* Number of jobs created rose by 54,200 against MNI's median of 15,000,
full-time jobs surged to 40,100 in August.
* Reaction to softer China data saw a knee-jerk move from $0.8010 to $0.7998.
* Balance of the session Aud consolidated within $0.8000-10.
* Rate dipped to $0.7994 early Europe then recovered back into $0.8000/10. 
* Resistance $0.8030 (38.2% $0.8125-$0.7971); Support $0.7971/66 (Sep13 low, 50%
fib $0.7808-$0.8125)
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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