dollar maintains the advance so far in European morning trading

dollar paves the way to start the new week

dollar is recovering somewhat today after falling late last week due to lost US paychecks on Friday.

Earnings to date are relatively carast, but nothing too significant. EUR / USD remains close to the lows around 1.1860, but still within a 30 pip range throughout the day.

Looking the other way, the antipodes are lagging behind, with the Australian dollar and the kiwi down 0.4% against the dollar so far this day.

AUD / USD fell 27 pips to 0.7430 and expect to see a slight pause after four consecutive days of gains. A look at the daily chart:

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png »title =» »class =» cms-png img-responsive »alt =» AUD / USD G1 06-09 ″ />

re is support lined up closer to 0.7400 (resistance now becomes support) along with offers and key short-term support seen closer to 0.7382 in the form of its 100 hourly moving average, so all of that remains in place. foot, limiting any serious decline.

So we are seeing a slight pause in the recent momentum as the dollar recovers some losses on Friday, but nothing yet suggests a turn on the technical side of things.

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