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The pair opened in Asia at $0.7985 toward....>

AUSSIE
AUSSIE: The pair opened in Asia at $0.7985 toward the upper side of Friday's
$0.7937 to $0.8007 range, where disappointing US economic data kept the
greenback on the defensive. Locally, MI's inflation gauge (0100GMT) and private
sector credit (0130GMT) provide the event risk, however, the main focus will
come from China with the release of Manufacturing PMI for July (0100GMT), the
consensus is for 51.5, down slightly from 51.7 in June. Resistance is being
found near to the 200-wma, currently at $0.8005, while initial support is seen
at $0.7972 (50% fib $0.7937-$0.8007). Aussie was last at $0.7986 and the range
so far has been $0.7979 to $0.7992.

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