R3: 1.5500

R2: 1.5480

R1: 1.5450/60

Current Price: 1.5434

S1: 1.5400

S2: 1.5380

S3: 1.5330/40

Rate finds some support at 38.2% fib defense but light volumes and thin conditions may exaggerate the bounce; so far holding a doji pattern after attempt to rally failed early. Likely that stops are now rolled up under the 1.5330 area for a weekly low; should the low be broken a deeper correction to the 1.5280 area likely. I think the rate continues to soften as the worst in the USD is over for now and look for the 1.5000 handle to fail as the correction deepens in the next few weeks.