The cable is consolidating at 1.6700, after hitting a daily high at 1.6746 dollars per pound. We'll be paying attention to the US macro data, as if they beat expectations the demand for high yielders could rise.The bands of Bollinger show a volatility of 200 pips in the hour, while the RSI is around the overbought area.

The MACD and Stochastic could show buying signs in the next hour.

If the trend remains to the lower side, traders will focus on the support at 1.6621, while above the next resistance is at 1.6746 dollars per pound.

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