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Finds an underlying bid

USD
  • Some G10 pair break out of their tight ranges, with an underlying bid in the USD emerging.
  • EURUSD looks to test 1.0900, but still trades in a 29 pips range, ahead of support is at 1.0895 50-day EMA.
  • Similar for the AUDUSD, at session low, in what is so far a 32 pips range session.
  • Support is at 0.6640, and below the latter 0.6565 Low May 4, but also the bottom of that traded range since late February.

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