Aussie tried but failed to push above 0.7530 yesterday and the steady drop to 0.7460 suggests that a significant reaction has started.Expect a test of 0.7400 and perhaps 0.7350.Today, the Aussie should stabilize around 0.7460 and pullback to 0.7500 before continuing the drop.Only a sharp rise through 0.7530 will suggest that a new phase higher is commencing.
Kiwi rose through 0.6120 for a couple of hours but is ending the day below 0.6120 to signal that a decline back to 0.6020 is underway.
Dollar/Canada made a strong rise yesterday that signals a test of 1.1315 to complete a complex structure from the 1.0925 low.
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