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Yesterday's intra-day selloff from 85.91 indicates dollar's correction from last week's 15-year low at 83.58 has formed a top there and near term downside bias is seen for further weakness, however, broad outlook continues to be 'consolidative' n reckon 83.91 would hold initially.
On the upside, above 85.46 would yield recovery toward 85.91 before prospect for another decline later.
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