Spot gains in very quiet trade yesterday suggest a consolidation in the USD’s recent softness but leave the door open for renewed weakness ahead. 

Price may be carving out a small bear wedge or flag pattern amid a sustained and deeply entrenched USD bear trend on the charts. 

Short-term price gains might extend to the mid/upper 1.32s but weakness below 1.3195 intraday will point to renewed USD weakness. 

Softer trading for the USD remains the more likely direction for this market in the coming days.