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Aud/Usd: European open $0.7597,......>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: European open $0.7597, range $0.7580-0.7609, NY open
$0.7604, range $0.7593-0.7614
*Soft UST yields encouraged a wave of demand through $0.7600, Aud/Usd
squeezed to $0.7609 but with lack of follow through drifted just ahead of the NY
open.
*Recent high print of $0.7614 before resistance from the 21-dma/Asia high
($0.7614/18) countered. Aud/Usd remained in consolidation mode as main focus
turned to the RBA rate decision tomorrow morning.
*Broad based dollar demand following commodities falling and firmer US Tsys
yields saw the rate drop towards $0.7595.
*Aussie received a small lift as the greenback slipped following the Dow
dropping, with the pair making a brief show back over $0.7600.
*The pair remained in consolidation mode for the remainder of the NY session,
with the pair trading between $0.7592-0.7604, ahead of RAB announcement. 

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