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*Aug23 Aussie-dollar open $0.7912,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Aug23 Aussie-dollar open $0.7912, range $0.7883 to $0.7918
*Aussie opened in Asia toward the lower side of yesterday's $0.7898 to $0.7951
range, where modest dollar strength was the main theme supported by reports that
Trump's administration was gaining momentum on tax reform.
*Aussie consolidated between $0.7909 and $0.7918 in early trade
*Aussie was then pressured lower largely on the back of the softer kiwi
following the trimming of  NZ's growth and budget surplus forecasts by the
government, the pair dropping from around $0.7910 to a low of $0.7883.
*For the balance of the session the Aussie consolidated within a $0.7885 to
$0.7899 range.
*Domestic corporate demand is cited in the $0.7870's which fits in nicely with
the technical picture, with key-support seen at $0.7867 (61.8% fib retracement
on $0.7808-$0.7963 move), while Asia's top of $0.7918 provides resistance.

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