Core Durable Goods Orders m/m disappointed (even though Durable Goods Orders m/m posted 4.0% gain) and Cable needed no asking to jump through post-FOMC high at 1.5163, set in March.

It was another splendid week for the pair in which it shrugged off weaker Retail Sales m/m and brushed aside election worries. It has broken 50 DMA and the downtrend line (drawn off July 2014 and February 2015 highs) and will most likely close above both levels. 100 DMA at 1.5185 will be the next big level to watch in the days ahead.

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