Despite dollar's recovery from last Wednesday's low at 76.61, subsequent retreat from 77.34 suggests aforesaid correction is over and consolidation with downside bias is seen for weakness to 76.58/61, break would extend decline from October's high at 79.55 to 76.33 but 76.11/ should hold and bring recovery later.
On the upside, above 77.34 would signal a temporary low has possibly been made but above 77.56 is neeed to confirm this view and yield gain to 78.04.
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