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The dollar sits moderately weaker at the.....>

DOLLAR: The dollar sits moderately weaker at the European crossover, off its
worst levels of the session. The DXY consolidates above 97, held to a very
narrow 97.06-18 range. On the topside traders focus on a break of the double-top
resistance area at 97.50/55, before challenging the ytd high at 97.69. Bears
need a break of 97 and the 50-dma at 96.42 to change the outlook, opening 96.21
which represents the 38.2% retracement of 93.81-97.69. Gold holds toward the
upper end of its $4 range at $1247.63, targeting a break of channel top
resistance at $1261.52. 

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