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GBP/USD hovers around 1.5100

FXStreet (Córdoba) - GBP/USD bounced from daily lows and settled around mid dayly range during the American session, as in the absence of economic news investors take a cautious stance ahead of the UK elections on Thursday and US nonfarm payrolls on Friday.

GBP/USD bottomed out at 1.5089 but managed to climb back above the 1.51 mark and it has spent the last hours in a tight range, unable to set short-term direction. At time of writing, the pair is trading at 1.5125, down 0.15% on the day.

GBP/USD levels to watch

As for technical levels, GBP/USD could find immediate supports at 1.5089 (daily low), 1.5026 (Apr 24 low) and 1.5000 (psychological level). On the flip side, resistances could be found at 1.5159 (100-day SMA), 1.5174 (daily high) and 1.5200 (psychological level).

RBA expected to lower rates to 2.0% - Scotiabank

Camilla Sutton, Chief FX Strategist at Scotiabank, believes the RBA could cut its repo rate by 25 bp to 2.0% in tomorrow’s meeting...
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EUR/CAD: Sticking with a bullish outlook

EUR/CAD is currently at 1.3515 and trading with a high of 1.3640 and a low of 1.3484.
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