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The majors have reacted to positive equity and economic trade in the Asian session, but ideally would pull back just a little ahead of the German Dax futures market open at 02:00 EDT to allow to buy the test of support. The aussie is close to the weekly highs, and may have to cycle lower before looking to buy it.

There is a short-Usd tone in place, that will be interesting to monitor as cable reacts to the test of 1.6450. Euro and cad look to be able to take the Usd on overnight, and the market will be keeping an eye on those holding their neutral pivot point areas. Momentum will build ahead of the European open.