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Some continuation higher

USD

Some continuation higher for the USD in early European trade.

  • USD is now in the green against all G10s, leading versus the Yen, after the debt ceiling extension underpinned risk.
  • FX pairs still trade within past ranges, and in terms of MNI technical, EURUSD support is at 1.1529 Low Oct 6.
  • Cable support is at 1.3532.
  • Worth keeping an eye on USDJPY and the next resistance at 112.08 High Sep 30 and the bull trigger, now at 111.90

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