Happy New Year everyone.    For at least the first few minutes of trading here the pair has not done too much, but did have some movement off the open but as of this moment has stabilized.  This has placed support between 1.4300-1.4285 with additional support at 1.4270.  If the pair moves beyond this, a reasonable target is 1.4235 followed by 1.4220-1.4210 if needed.  1.4200-1.4185 acts as further support beyond.

On the upside resistance has formed just below 1.4340.  A move through is likely to find some resistance at 1.4360 followed by 1.4400 and 1.4440 if needed.

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Cory Mitchell, CMT
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