AUD/USD: Europe open $0.7661, range..........>

AUSSIE: AUD/USD: Europe open $0.7661, range $0.7655-$0.7667, NY open $0.7660,

range $0.7667-0.7707

*Little news flow or data in either the European or Asian session provided a

catalyst for price action.

*The Aussie received a small boost in early NY with the rate jumping from

$0.7660 to 0.7672 before fading.

*The release of weaker than expected US data (GDP and US Jobless claims) saw

pressure on the dollar across the board. The rate spiked to fresh session highs

of $0.7693 before fading back towards $0.7680.

*As the greenback lost ground across the board, the rate grinded

back towards the 200-DMA at $0.7694. Traders reported resistance ahead of

$0.7700 with stops through the break.

*The Aussie received a small lift as commodities rallied, with the rate moving

through the 200-DMA and printing a fresh high of $0.7698.

*Aussie continued its buoyant tone, triggering stops on the break of

$0.7700 and printing a fresh high of $0.7707.