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The antipodean opened in Asia toward the.....>

AUSSIE
AUSSIE: The antipodean opened in Asia toward the upper side of yesterday's
$0.7654 to $0.7707 range, where firmer commodity prices underpinned the local
currency. Bulls have been quick to point out the first close above the 200-dma
since Nov2, a consecutive close would provide further encouragement. There is no
data or scheduled events in Asia to drive markets. Consolidation is anticipated,
with the Aussie not expected to move too far from a mammoth option expiry for
today at $0.7700 (A$3.53bn). Initial support is located at $0.7685 (Daily cloud
base), while key-resistance is now seen at $0.7740 (38.2% fib $0.8125 to
$0.7502)

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