The dollar witnessed minor losses across.....>

DOLLAR: The dollar witnessed minor losses across most of G10 through Asia,

however volumes were seen extremely light ahead of the US Independence Day

holiday. AUD sits top of the pile despite the release of soft AU Retail Sales &

vacancy data. AUDUSD cleared the 100-dma yesterday ($0.7033) but failed to close

above and will remain key today.

- The DXY holds in the middle of its narrow 10 pip range, currently resting on

the 200-dma at 96.72. Expect resistance at 96.85/90 from a series of hourly

highs this week, above here opens 97.03 which represents the 61.8% retracement

level of 97.76-95.84.

- Gold topped out around $1438 yesterday. The corrective pullback extended to

$1412, before dip buyers cushioned to consolidate in narrow range trade. Last

$1419.30. Gold bulls remain in control above $1400 with topside focus on a break

of the Jun 25 high at $1439.21. Any move above would see technical studies

stretched, opening the potential of a short, sharp reversal.

- WTI & Brent sit around $0.50 lower than their respective settlement levels.