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The drop back from the highs of last week continues, but for now the $1.14450 support area is preventing further downside. However, the pair needs to push on above $1.45 and then $1.4550 in short order to avoid fresh downside and a move back to the rising trendline from the March lows.
If further selling does develop then support may enter the fray around $1.4367, the 50-day simple moving average (SMA), and then below this the trendline comes in around $1.4340.