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The dollar further extends declines..........>

DOLLAR
DOLLAR: The dollar further extends declines allowing EUR & the AUD to print
fresh session highs. EURUSD extends the recovery to $1.1208 with topside focus
on down trendline resistance off the Jan high & 55-dma at 1.1230/37. GBPUSD
challenges $1.27, while AUDUSD consolidates its earlier break of $0.69 to
$0.6923. The DXY extends its corrective pullback through 97.70 to re-test the
European morning low at 97.68. Initial support is seen at 97.54 which represents
the 61.8% retracement of the May range, below here opens the double-bottom
97.40/45 area, ahead of the May 13 low at 97.02.

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