*Nov10 Aussie-dollar open $0.7680,...>

AUSSIE SUMMARY: *Nov10 Aussie-dollar open $0.7680, range $0.7665 to $0.7690

*Aussie opened in Asia toward the upper side of the $0.7633 to $0.7694 range

witnessed yesterday, where concerns that corporate tax cuts would be

significantly delayed placed the greenback on the defensive.

*Aussie held a $0.7676 to $0.7688 ahead of the RBA's SoMP

*Initial reaction following the SoMP saw the Aussie ease lower from $0.7684 to

$0.7665 as the RBA lowered their inflation forecasts, underlying inflation not

expected to reach 2% until early 2019. However, growth is projected to pick up

over the next couple of years, with the unemployment rate forecast to drift

modestly lower (down to 5.25% in Dec 2019).

*The move proved fleeting, the Aussie quickly regained its poise and edged

higher to $0.7690

*For the balance of the session consolidation became the theme, the Aussie held

a $0.7677 to $0.7688 range ahead of the European open

*Resistance continues to be found near the 200-dma, currently at $0.7699, while

below Asia's $0.7665 low, support is located at $0.7650 (Nov9 low).