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*Oct16 Aussie-dollar open $0.7876....>

AUSSIE SUMMARY
AUSSIE SUMMARY: *Oct16 Aussie-dollar open $0.7876 range $0.7868 to $0.7890
*Aussie opened in Asia toward the upper side of Friday's $0.7806 to $0.7897
range, where softer than expected US inflation data placed the greenback on the
defensive
*Demand from domestic corporates pushed the Aussie from around $0.7877 to
$0.7890
*Modest US dollar bid theme the took hold amid firmer US rate yields, Aussie
dropped from near $0.7890 to $0.7868
*For the balance of the session consolidation was the theme, Aussie held a
$0.7868 to $0.7879 range ahead of the European open
*Support is being found near to the 21-dma, currently at $0.7869, a clean break
lower exposes $0.7834 (38.2% $0.7733 to $0.7897), while hourly resistance is
found at $0.7890.

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