Not much to report from interbank order boards with dealers saying that interest is quite sparse. Offers are expected to start appearing on any rallies back towards previous support between 1.4460/80. Sovereign names were reportedly buying dips again overnight but no one particular level was mentioned.
The market stalled last night at 1.4390, which was the 38.2% retracement of the recent rally from 1.4100/1.4575.
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