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Dollar traded narrowly yesterday after last week's resumption of erratic decline from 93.78 to 88.55, however, as long as 89.90/00 holds, consolidation with downside bias remains for another fall to 88.75/80 n a break would signal aforesaid decline has resumed n may extend weakness toward 88.00/10 before rebound occurs.
On the upside, breach of 89.90/00 would risk stronger retracement to 90.35/40, however, reckon upside should be capped well below 90.75/80.
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