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*Dec7 Aussie-dollar open $0.7564,....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Dec7 Aussie-dollar open $0.7564, range $0.7542 to $0.7570
*Aussie opened in Asia at the lower side of the $0.7559 to $0.7634 range
witnessed yesterday, where weaker-than-expected Aussie Q3 GDP and softer
commodities (CRB index-1.46%) placed the aussie on the defensive.
*Aussie consolidated within a tight $0.7561 to $0.7570 range ahead of local
economic data
*Weaker than expected trade data saw the Aussie back under pressure, the rate
dropped from near $0.7565 to $0.7542. October's trade surplus came in at A$105mn
against MNI's median of A41.2bn, the main take looked to be on the export
component, the data showing a decline of 3.0% m/m.
*Cross demand against kiwi surfaced to push the aussie back to $0.7555.
*For the balance of the session the pair edged lower to $0.7544 and toward the
opening of European markets trades at $0.7547
*Key-support at $0.7531 (61.8% fib retracement on $0.7160-$0.8125 rise), while
hourly resistance is noted at $0.7570.

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