Pair has been holding above 1.5600 since Japan opening, having reached a fresh weekly high that suggest the bullish trend remains intact. Lacking strength, 20 SMA is turning flat still acting as dynamic support, while dollar weakness persist. Watch for the pair to rebound again from the 1.5600 area if tested; only under 1.5570 the downside could open to further falls towards 1.5540 area. To the upside, 1.5680 is the buying level as once above, next target today comes at the 1.5730 zone.

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