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Cable tests immediate resistance

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  • The Kiwi was leading overnight following an Hawkish tilt from the RNBZ, the currency was up 0.56% and traded at its highest level since the 14th March, but has since faded going into the European session, now up 0.49%.
  • Early mover is of course the Pound, with Cable spiking some 40 pips following the UK Inflation coming above consensus.
  • GBPUSD tests immediate resistance right here at 1.2754 76.4% retracement of the Mar 8 - Apr 22 bear leg, printed a 1.2753 high.
  • Further out would see, 1.2803 High Mar 21.
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  • The Kiwi was leading overnight following an Hawkish tilt from the RNBZ, the currency was up 0.56% and traded at its highest level since the 14th March, but has since faded going into the European session, now up 0.49%.
  • Early mover is of course the Pound, with Cable spiking some 40 pips following the UK Inflation coming above consensus.
  • GBPUSD tests immediate resistance right here at 1.2754 76.4% retracement of the Mar 8 - Apr 22 bear leg, printed a 1.2753 high.
  • Further out would see, 1.2803 High Mar 21.