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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar falls to two-week low as economic data softens

* Dollar stabilizes after weak JOLTS data; ADP payrolls due

* Dollar edges lower ahead of hefty data dump

CHART OF THE DAY:

OUTLOOK:

GBPINR: GBPINR is respecting its 100 DAM beautifully; however, 105.40 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 105.80-106.00 zone. On the downside, 104.45 is an immediate support zone, while 104.20-104.00 is the next support zone.

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