By | August 12 2010 8:42 PM

Although yesterday's strong rebound from 84.94 suggests further choppy consolidation above Wednesday's 15-year low at 84.72 would continue, near term over bought condition is likely to limit intra-day gain to 86.46 and yield subsequent retreat but reckon 85.18 would hold from here.    On the upside, above 86.90 may risk stronger correction to 87.94 next week.