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Despite yesterday's rebound to 1.6847 (twice), as the British pound has retreated after faltering below Monday's high of 1.6858, retaining our view that further consolidation below this level would be seen and weakness to 1.6793 (yesterday's low) cannot be ruled out, however, break of 1.6778 support is needed to signal
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Although the single currency rebounded to as high as 142.47 yesterday, renewed selling interest did emerge there as suggested and euro has slipped again, retaining our bearishness and a breach below indicated strong support at 140.99 would signal top is formed, bring weakness to 140.60-65. Looking ahead, only below 139.96
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Although aussie has rebounded again after finding support at 0.9228 yesterday and consolidation above this level is in store, reckon resistance at 0.9317 (Monday's high) would limit upside and near term downside risk remains for the fall from 0.9461 temporary top to bring retracement of recent rise in wave iv
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Although the greenback has maintained a firm undertone after yesterday's rally, retaining our view that the fall from 0.8862 has possibly ended at 0.8770 on Monday and near term upside risk remains for test of resistance at 0.8856 but break there is needed to signal early rise from 0.8699 low
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Despite yesterday's rebound to 1.6847 (twice), as the British pound has retreated after faltering below Monday's high of 1.6858, retaining our view that further consolidation below this level would be seen and weakness to 1.6793 (yesterday's low) cannot be ruled out, however, break of 1.6778 support is needed to signal
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Although the single currency has recovered after intra-day fall to 1.3797 and minor consolidation is in store, reckon upside would be limited to 1.3828-30 (38.2% Fibonacci retracement of 1.3879-1.3797) and bring another decline later, below said support would bring test of last week's low of 1.3785, however, break there is
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