With the pair putting in a bottom at 1.0137 and preparing to head further higher after turning off higher ahead of its Jun 13'10 low at 1.0108 on Monday, threats are now seen towards the 1.0332 level, its Jun 03'10 high. USDACD has been declining since touching a high of 1.0851 on May 25'10 and its new found rally should even see it through the 1.0332 level and towards its .382 Fib Ret(1.0851-1.0137 decline)at 1.0404. Above there will set the stage for more strength towards the 1.0494 level, its .50 Fib Ret with a clearance of that level accelerating further up move towards its Jun 07'10 high at 1.0677 and next its 2010 high at 1.0851.Its daily RSI remains supportive of this view. Alternatively, in case a break of its Monday low at 1.0137 occurs, pressure should build towards the 1.0108 level, its May 13'10 low. Overall, with a two-day of upside offensive seen, risk exists towards the 1.0332 level and beyond.
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