Aussie managed to pullback to 0.7405 yesterday.The subsequent ranging between 0.7365/90 suggests that Aussie should extend its decline into a new low.However, any level below 0.7345 will be sufficient to complete the sequences from 0.7655 and 0.7792.A failure to hold below 0.7345 will be the first indication of new strength but it will take a break of 0.7450 to confirm it.If the Aussie is well supported around 0.7355 today, then the drop will be delayed as 0.7405 is revisited.
Kiwi managed a rise to 0.6220 but it was just a corrective swing and the decline should push towards 0.6110 over the next couple of days.
Dollar/Canada is still on a drop within a minor consolidation.After a brief drop to 1.1130 the rally should resume.
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