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The Aussie opened in Asia at $0.7905.........>

AUSSIE
AUSSIE: The Aussie opened in Asia at $0.7905 towards the lower side of
yesterday's $0.7890 to $0.7996 range, upbeat US data, with ADP and Q2 GDP well
above forecasts, placed the greenback on the offensive. It looks like a busy
session ahead with China's PMI data (0100GMT) and locally, Australian private
sector credit and capex data (0130GMT). Support lies at $0.7880 (61.8% fib
$0.7808 to $0.7996 rise), a break opens $0.7852 (76.4% on the same move), while
resistance in noted at $0.7931 (38.2% $0.7996 to $0.7890 decline). Aussie is
currently changing hands at $0.7901. 

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