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*Jul31 Aussie-dollar open $0.7985,...>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Jul31 Aussie-dollar open $0.7985, range $0.7956 to $0.79992
*Aussie opened in Asia toward the upper side of Friday's $0.7937 to $0.8007
range, where weaker US economic data put the greenback on the defensive
*Ahead of the Tokyo-open Aussie traded sideways in a $0.7979 to $0.7992 range
*Aussie-yen supply into today's Tokyo-fix pushed the Aussie lower from the
mid-$0.7980's to $0.7957
*Post-fix, the Aussie recovered to $0.7989, firmer commodities assisted the
move, Dalian ore was up a staggering 7.95% and Shanghai steel rebar up 4.5%
*Dips were then limited to $0.7970 and ahead of the London open the Aussie
trades at $0.7978, not too far from where the pair started the day
*Resistance is noted at $0.8007/17, Jul28 high/61.8% fib $0.8066-$0.7937, while
support is located at $0.7954/56, 76.4% $0.7937-$0.8007, Asia's low

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