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*Nov1 Aussie open $0.7656, range.....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Nov1 Aussie open $0.7656, range $0.7648 to $0.7669
*Aussie opened in Asia toward the lower side on the $0.7640 to $0.7699 range
witnessed yesterday, where softer China PMI data and slightly firmer US rate
yields, placed the Antipodean on the defensive.
*Aussie-kiwi supply after the upbeat NZ Q3 Labour report pushed the Aussie lower
from $0.7662 to $0.7648. Once that interest subsided, the Aussie drifted back to
$0.7660
*Dips were then limited to $0.7650, stronger commodity prices outweighed firmer
UST yields, Shanghai copper +1.3%, Zinc 1.6% and Dalian ore up 1.7%. Aussie
edged higher to $0.7669 before interest waned.
*Heading toward the European open, Aussie trades at $0.7664, precisely where the
pair opened this morning
*Initial support is located at $0.7640, with reports of domestic corporate
demand in the $0.7620's, while hourly resistance is noted at $0.7670.

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