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50-DMA Anchors Thursday was the......>

Thursday was the fourth consecutive session the rate traded either side of the
129.56 50-dma, as prices bounced back above after yesterday's somewhat bearish
close. Nonetheless, momentum was lacking, leaving downside pressures in control
for now. Sep 10 lows at 127.87 remain the next downside target. Below here opens
the Aug 15 low at 124.91. A break back above 132 would be needed to change this.

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