By Andrew M Spencer — Mar 04 - 10:07 PM
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-0.15% in a 1.3868-1.3897 range - USD led in a fairly busy session
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Strong U.S. payrolls, poll +185K would see higher USD & UST yields
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Could trigger a significant and deep cable correction nL2N2L300E
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COVID-19 vaccine confidence grows as side effect worries fade nL2N2L21VY
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Charts; 1.3860-1.4021 range for over a week - neutral 5, 10 & 21 DMAs
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Close below rising 21 DMA Thursday - 1.3920 today was a negative signal
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1.3846, 50% of the 2021 rise is initial significant support
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Close below 1.3846 would target 1.3752 61.8% retracement
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Source:
Refinitiv IFR Research/Market Commentary