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Aud/Usd: Asia open $0.8029, range....>

AUSSIE SUMMARY
MNI (London)
AUSSIE SUMMARY: Aud/Usd: Asia open $0.8029, range $0.7998-0.8034. Europe open
$0.8012, range $0.8011-49.
* Aud opened Asia toward the lower side of Monday's $0.8019-80 range, Usd
boosted by UST yields. 
* Modest Usd strength pushed rate from $0.8034 to $0.8012 ahead of local data
* Disappointing NAB business confidence eased Aud from $0.8015 to $0.7998.
* Recoveries were then held to $0.8010. Ahead of the European open the Aud
consolidated around $0.8010.
* A generally softer Jpy saw Aud/Jpy lead Aud to an extended recovery of $0.8049
before move faltered.
* Rate eased off to $0.8026 late morning. 
* Support now seen at $0.8010/00. Resistance $0.8050 aheadof $0.8080.  
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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