Both currencies continue on a consolidative phase above 77.00. In the present Asian session, the placid range-bound extends, with the latest price at 77.25, barely changed from its NY close.
According to the team at AceTrader: ?Despite ratcheting lower from 77.85 to 76.97 (NY),
subsequent minor rebound suggests further 'choppy' consolidation above Mon's 4-month low at 76.29 would continue, however, reckon 77.85 would cap upside and yield another decline later today.?
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