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Key Support Remains Exposed


Pullback Extends, But Still Looks Corrective in Nature


FED Remains in Play Post-NFP/ISM Data

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Sideways consolidation was broadly the........>

FOREX: Sideways consolidation was broadly the theme during the Asia-Pacific
region, leaving the dollar mostly unchanged against its peers and held to right
ranges. Dollar-yen edged higher from Y112.22 to Y112.49, a firmer Nikkei and
slightly stronger US rate yields encouraged the move, however, stubborn sellers
saw the dollar move back into mid-range. Aussie-dollar dropped from near $0.7565
to $0.7542 on weaker local trade data, but cross related demand surfaced to give
 support and propped the rate back into the $0.7550's. Euro-dollar trekked
between $1.1793 and $1.1809, large option strikes around $1.1800 containing the
range. Meanwhile, cable flipped between $1.3376 and $1.3398, feeding off the
latest Brexit headline/story/rumour.

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