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Looks set to open in Asia toward the lower...>

AUSSIE
AUSSIE: Looks set to open in Asia toward the lower side of the $0.7627 to
$0.7701 range seen so far today, where softer commodities (CRB index down by
0.37%) and a modestly stronger US dollar placed the Aussie on the defensive.
China's October trade report will provide the event risk for the session,
strategists at CBA say, specifically, watch for China's iron ore import volumes.
In our view, favourable global economic activity will continue to support
commodity prices and underpin Aussie. Support lies at $0.7625 (Oct27 low), a
break to expose Jul 11 low at $0.7603, while resistance continues to be stubborn
around the 200-dma, currently at $0.7698. Aussie was last at $0.7645.

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