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The USD witnessed a mixed session o/n,.......>

DOLLAR
DOLLAR: The USD witnessed a mixed session o/n, registering minor losses against
NZD, SEK & gains against JPY, CHF. NZDUSD squeezed through the 200-dma ($0.6718)
to $0.6738 and is looking to post its fifth consecutive session of gains.
- The DXY remains in a consolidation phase with gains above the 200-dma at 97.15
proving hard to overcome. The index traded a narrow 8 pip range with bulls
looking for a positive close above the 200-dma to extend the uptrend towards the
Jul 9 high at 97.58. The 200-dma & short-term trend line drawn off the Jun 25
low provide support at 96.79/62.
- Gold remains locked in its $1400-1420 range searching for a break. Up
trendline support drawn off the May 30 low comes in today at $1405.51.
Resistance remains at $1427.23 from the Jul 11 high.
- WTI & Crude lost a couple of cents yesterday, but has since recovered $0.50 at
typing.
- US Retail Sales the main highlight today at 1230GMT. Retail sales are forecast
to rise 0.2% in June after a 0.5% increase in May. Dallas Fed's Kaplan speaks in
Washington, followed by Powell in Paris to the G7.

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