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      GBP/USD threatens to drop below 50-DMA and 100-DMA

      FXStreet (Mumbai) - The offered tone on the GBP is gathering pace in the early US session, threatening to push the GBP/USD pair well below its 50-DMA and 100-DMA located at 1.5519 levels.

      Eyes US data and FOMC rate decision

      The spot could move few pips here and there after the US weekly initial jobless claims and monthly housing figures hit the wires. However, major moves could be seen only after the FOMC rate decision due later today.

      Till, then the spot could waver aimlessly as investors are likely to delay the refrain from making big bets heading into the FOMC event.

      GBP/USD Technical Levels

      The spot currently trades around 1.5520. The immediate resistance is seen at 1.5568 (38.2% of July 2014 to March 2015 plunge), above which the pair could rise to 1.56 levels. On the other side, support is seen at 1.5486 (daily low) and 1.5424 (5-DMA).

      USDCAD: Stimulating the Risks for the Fed policy day - TDS

      Research Team at TDS, note that the FX markets are in a state of paralysis today, ahead of the all-important Fed’s policy and the USDCAD broke through the 1.32 figure yesterday as crude oil prices rallied hard yesterday. But despite falling under pressure and below the pennant formation since early August, funds remained contained within the recent range and held around the 1.3170 level (current FV is closer to 1.2960).
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      USD/CHF recovers to 0.9690

      The greenback is reverting its initial losses vs. the Swiss franc, with USD/CHF now hovering over levels sub-0.9700...
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