*Oct20 Aussie-dollar open $0.7878,...>

AUSSIE SUMMARY: *Oct20 Aussie-dollar open $0.7878, range $0.7829 to $0.7882

*Aussie opened in Asia at the upper side of yesterday's $0.7841 to $0.7884

range, where weaker UST yields, Aussie-kiwi demand and a robust Aussie jobs

report, placed the Antipodean on the front foot.

*Aussie consolidated within a $0.7864 to $0.7882 range in early trade

*Reports that the US Senate had passed a budget proposal that will pave the way

for Republican tax reform, gave a big a lift to both US rate yields and the

dollar. Aussie slipped from the mid-$0.7860's to $0.7829 before recovering

*For the balance of the session the pair consolidated in the $0.7840's

*Below Asia's $0.7829 low, support is seen at $0.7822 (100-dma), more tech

support lies at $0.7819-15, with a series of previous lows and 50%

fib$0.7733-0.7897, while resistance is found at $0.7882/84 (Intraday high and

Oct19 top)