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The major USD crosses have stuck to tight.....>

FOREX
FOREX: The major USD crosses have stuck to tight ranges in early dealing on
Tuesday after the DXY consolidated above 89.000 on Monday.
- The major risk event in Asia will be the release of the RBA's February meeting
minutes, although watchers do not expect anything much in terms of fresh details
from the accounts.
- Initial resistance in the DXY comes in at 89.442, Monday's high, while hourly
support from Feb 16 lies at 88.650.
- Follow through was lacking on 2018 & 3+ year lows Friday with bulls taking
comfort in the minor recovery. The 91.004-91.751 resistance region remains key.
Bulls need a close above 91.751 to shift initial focus to 92.640 and overall
focus to 94.219-95.149. While 90.567 caps bears remain focused on 87.202-627
where the weekly bear channel base and Dec 2014 monthly low are situated.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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