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Narrow range trade continued across G10......>

DOLLAR
DOLLAR: Narrow range trade continued across G10 overnight with minor risk-off
spilling over into Europe. Strong headline AU jobs date spiked AUDUSD to $0.7199
& AUDNZD to NZ$1.0702, but the move was faded to sit largely flat on the
session.
- The DXY has failed to build on gains above 97 this week and chops around the
handle at typing. Bears continue to look for a downside break of Monday's low at
96.78, opening a run at the 50% retracement level of 95.76-97.51 & 100-dma at
96.64/60. While bulls need to clear the 97.30-50 zone to bring the triple top
resistance area at 97.71 into view.
- Gold's bearish break extends to multi-month lows of $1271.68 and is looking to
close in negative territory for the sixth straight session. The downtrend has so
far been contained ahead of pivotal support & 50% fibo of the Nov - Feb rise at
$1271.64/57. Below here opens the potential of a return to the 200-dma at
$1250.76.
- WTI & Brent have stuck to right ranges in Asian hours, and last deal $0.10 &
$0.20 lower respectively.

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