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Free Access*Dec28 Aussie-dollar open $0.7768,...>
AUSSIE SUMMARY: *Dec28 Aussie-dollar open $0.7768, range $0.7765 to $0.7795
*Aussie opened in Asia toward the upper side of the $0.7724 to $0.7779 range
seen yesterday, where firmer commodities (CRB index +0.5%) and softer US rate
yields, helped to underpin the aussie
*As with other currency pairs, the US dollar was broadly weaker from the opening
bell in Asia, the rate rose unwavering from $0.7765 to $0.7795 and heads into
the European open still elevated at $0.7793
*Supply is being touted around $0.7800, the level also holds an option expiry
for today for A$297mn.
*Decent resistance lies at $0.7814/17, the level holds 50% fib retracement
$0.8125-$0.7502 decline and daily cloud top, while Asia's low of $0.7765
provides initial support
*The next event risks are seen in US markets, with the release of Initial
Jobless claims and Chicago PMI
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.