The cable is consolidating with 1.6400, which coincides with the 200 days MA. The price is suffering from weakness caused by the risk aversion hike in the markets. The bands of Bollinger show a volatility of 220 pips in the hour, while the Stochastic shows selling signs, right now.If the trend keeps pointing up, the pair could find some resistance at the middle band of Bollinger (1.6424), while below the support to watch is 1.6358 dollars per pound.

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