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A heavy down day yesterday for the pair leaves it hovering close to the lows for the month. For the moment the 100-day simple moving average ($1.5471) is providing some support, with the 200-day at $1.5371 behind it. Beyond that, we are looking at a move back towards the June low near $1.52. Any bounce has to get back to the 50-day at $1.5609, and then move on to challenge $1.58 once again.