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Dollar's rebound after yesterday's brief selloff to 89.18 in Australian morning suggests recent decline has formed a temporary low there and consolidation with upside bias remains for another corrective rise to 91.10/20 but price should be capped well below previous resistance at 91.63 and yield a retreat later.
Below minor support at 89.84 would defer this near term bullish scenario and risk weakness to 89.40/50 but aforesaid support at 89.18 should hold on first testing.
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