Despite last Friday's selloff to a fresh one-year low of 1.3201, subsequent rally to 1.3400 on short-covering, due to the Greece announced it will activate a financial aid package, suggests recent decline has formed a temporary low there and consolidation with mild upside bias would be seen, however, breach of 1.3447 needed to bring stronger retracement of recent decline but resistance at 1.3523 is epxected to remain intact.    On the downside, a breach of 1.3317 (New Zealand) would signal corrective rise from 1.3201 has formed a top and bring weakness to 1.3270, however, aforesaid low of 1.3201 would hold from here and bring further choppy trading.