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Despite inital cross-inspired rebound to 1.2775 (Aus), intra-day retreat suggests further 'choppy' trading below Friday's high at 1.2780 would continue and downside bias remains for rtracement of early rise from 1.2588 but reckon 1.2666/76 would contain weakness.
On the downside, below 1.2648 support would confirm the near term corrective rise is over and would yield weakness toward 1.2608.
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