Ella 
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24-hour view: We expect the USD to trade in the 7.1655 – 7.2000 range yesterday. The dollar then traded in a range of 7.1790 – 7.2132 before closing at 7.1858 (-0.02%), almost flat on the day. The underlying tone has softened and the dollar is likely to trade slightly lower today. However, any dip below the major support at 7.1500 is unlikely (minor support at 7.1655). Resistance is at 7.1950, followed by 7.2100.
Next 1-3 weeks: Last Wednesday (July 19, spot at 7.1950), we emphasized this after the recent sharp decline; the dollar is unlikely to weaken further. We expect the USD to trade in the 7.1500 to 7.2500 range. Our views have not changed.
