Aussie drifted lower yesterday and is poised to slip below the last low of 0.7345.This drop will be the last drop in the sequences from the 0.7655 and 0.7792 highs and complete the retracement of the 0.7015/0.7792 rally.Any level below 0.7345 will be sufficient, but I do not expect levels below 0.7300.A failure to hold below 0.7345 will be a preliminary sign of strength but it will take a break of 0.7450 to confirm that a low is in place.
Kiwi’s drop has stalled, but after a brief rise to 0.6190 it should extend to 0.6110.
Dollar/Canada should complete its ranging early today around 1.1180 and resume its rise to test the mvg avg at 1.1310.
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