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*Oct10 Aussie-dollar open $0.7753,...>
AUSSIE SUMMARY: *Oct10 Aussie-dollar open $0.7753, range $0.7750 to $0.7790
*Aussie opened in Asia toward the lower side of Monday's $0.7748 to $0.7782
range, where consolidation was the theme in holiday ravaged markets.
*After trading sideways in a $0.7750-60 range, demand in Aussie-yen surfaced
from Japanese investors that pushed the Aussie from the mid-$0.7750's to $0.7790
*Improved Nab Business confidence also helped sentiment, September's Business
confidence came in at 7, up from 5 in August while Business conditions were
unchanged at 14.
*Consolidation then became the theme, the pair held a narrow $0.7778 to $0.7788
range ahead of the European open
*Resistance is being found around the 100-dma, currently at $0.7789, while
Asia's low of $0.7750 provides initial support.
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