Aussie pushed up to 0.7668 to complete the sequence from 0.7560.The drop back to 0.7615 is just the first leg of the retracement so after a rise to 0.7645 today the Aussie should drop again to 0.7590 to complete it.The rally towards 0.7790 should then resume.Only a strong drop through 0.7590 will suggest that a new decline may be starting.
Kiwi rose yesterday to suggest that it is resuming its rally for 0.6500/50.The recent high at 0.6445 may stall the rally for a little while.
Dollar/Canada fell to 1.1055 yesterday but the sharp reaction back to 1.1130 suggests that a sequence is complete.Expect a pullback to 1.1090 today before a rise towards 1.1170 is made.
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