The pair closed in NY Monday at $1.5844, just off its intraday low of $1.5841, as the dollar pared post NFP losses through the NY session, as UST yields moved higher, with position adjustments seen ahead of today’s Veteran’s Day holiday (in the US, Remembrance Day in Canada). Rate initially edged back to $1.583 in early Asia, dropped back to $1.5840 before it rallied to $1.5857 in a fairly lacklustre Asian session. Into the afternoon and the dollar drew general demand which pressed cable down to $1.5836 before it settled around $1.5840 ahead of Europe. Euro-sterling was contained in Asia between stg0.7839/47. A very light data calendar today, and with the mentioned North American holidays trade is expected to remain subdued. Cable support seen at $1.5836 ahead of $1.5821(76.4% $1.5791-1.5918), a break here to open a deeper move toward $1.5791. Resistance seen at the Asian high of $1.5857 ahead of $1.5867-77(38.2%-50% $1.5918-1.5836), with the 61.8% retrace coming in close behind at $1.5887. Further resistance seen into $1.5900 ahead of $1.5918
