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

AUSSIE SUMMARY
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)

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