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The dollar witnessed a mixed session.........>

DOLLAR
DOLLAR: The dollar witnessed a mixed session overnight, registering modest gains
against EUR & CHF, losses against AUD & NZD. The DXY continues to chop away at
losses seen toward the back end of last week with recovery efforts squeezing to
97.83. Near-term resistance is seen at 97.96/98.05 which represents the
50%/61.8% fibo of 98.37-97.54. Hourly resistance (May 23) is located behind at
98.25, ahead of the ytd highs at 98.37. On the downside double-bottom support
comes in at 97.50/55, ahead of the 50-dma at 97.38.
- Gold extended its corrective pullback off yesterday's high ($1287.47) with a
move back under $1283. Support is seen at $1278.53/1276.41 from the 50%/61.8%
fibo of $1269.58-1287.47. Below here opens the May 21 low at $1269.58, ahead of
the 200-dma at $1260.39.
- Brent consolidates its break back above $70, holding towards the peak of its
$69.82-70.33 range.
- US Case-Shiller, Conference Board Confidence & Dallas Fed mfg the main data
highlights today.  

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