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*Dec18 Aussie-dollar open $0.7646,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Dec18 Aussie-dollar open $0.7646, range $0.7641 to $0.7663
*Aussie opened in Asia toward the lower side of the $0.7638 to $0.7695 range
witnessed on Friday, where progress on the passage of the US tax bill
underpinned the greenback
*A dull-affair in the Asia-Pacific region, aussie-dollar consolidated in a
narrow $0.7641 to $0.7663 range
*Australia's mid-year budget update did little to encourage trading, the
government forecasting a smaller deficit of A$23.6b compared to previous
forecast of A$29.4b, with the budget expected to return to a surplus in 2020-21
(unchanged)
*Key-Support is seen at $0.7621 (38.2% fib $0.7502-$0.7695), while resistance
continues to be found near to the 200-dma ($0.7693).

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