On a Monday morning in Asia, the risk and commodity pairs have caught an early and strong big against the USD, with equity futures projecting gains and commodities moving to session highs. The Sterling is the biggest winner as it moves to 9 month highs and has found support earlier at the 61.8% retracement of the move from September ‘08 to January ‘09.
On a shorter term perspecitve we see the pair found support and the 200hr a few time toward the end of last week.
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