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A red start for the Dollar

USD
  • A red start for the Dollar, as Equities and Govie futures trades in the green, but the bigger picture, is that the Greenback is up 5.08% against the NOK, over the last Month, 4.91% with the SEK, and 4.35% vs the AUD, and is up against all the majors over that period, besides the MXN which has gained 0.59%.
  • For today, the Aussie is the best early performer, up 0.22%, a function of the weaker Dollar, but also helped by Iron Ore trading at a 1 Month high, and some recovery in Equities.

QUICK TECH:

  • EURUSD sees immediate support at 1.0834 Low Jul 6 and a key support, and small resistance moves down to 1.0900, followed by 1.0940 20-day EMA.
  • Resistance in AUDUSD is seen at 0.6480 High Aug 16.
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