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A broadly firmer dollar overnight............>

DOLLAR
DOLLAR: A broadly firmer dollar overnight underpinned by positive US-China trade
rhetoric and firmer US equity futures saw the DXY comfortably hold above 97,
albeit held to a narrow 20 pip range. Bulls target a break of the 97.65/70
double top resistance area for the next leg higher. Up trendline support comes
in at 96.64 today, below here opens the 50-dma at 96.29. Gold slipped $5 on the
session, briefly made a show under $1235 before basing. Support is seen at
$1230.25/1226.62 which represents the 38.2%/50% retracement of $1211.27-1241.97.
Last $1235.41. Worth reminding that most of the US calendar has been postponed
today as the country observes a national day of mourning for former President
George HW Bush. 

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