Majors lacking momentum to break higher

The only pair to break new ground yesterday was the AUD/USD, which sped through stops above the previous high at .8263 and has now retraced to that level, which will now form the first level of support. EUR/USD again failed around 1.4300 and seems to me to be getting tired. Cable is, in my totally biased view, showing increasing signs of weakness after a failure to break above 1.6585 and trigger stops yet again.

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