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FX technical update on the majors: -.........>

FOREX
FOREX: FX technical update on the majors: 
- USDCAD once again leads the way in terms of direction. A new high print this
morning keeps it on course for 1.3300. 
- EURUSD remains soft and the double top objective of 1.0967 remains on the
cards. 
- No change in Cable but watch resistance at 1.2937. While this level remains
intact, the risk is skewed to the downside. 
- EURGBP remains bearish but we still need to see some downside follow through
following Monday's range breakout to expose support at 0.8490. 
- USDJPY remains bullish above channel support at 108.47. EURJPY however has
probed support at 120.01 exposing the cross to a short-term decline. 119.12
perhaps? 
- EURCHF is under pressure this morning extending this month's slide. Looking to
test trendline support at 1.0875, drawn off Sep 4 low. (1/2)

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