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Forex: AUD/USD bounces from 4-month low

The Australian dollar extended its decline toward a fresh 4-month low versus the dollar weighed by stocks that also fell to fresh session lows during afternoon trade.

AUD/USD bottomed at 1.0219, last seen Oct 15, but it found buyers and quickly bounced to the 1.0245 area where it is trading at time of writing, little changed since opening.

As for technical levels, next supports could be found at 1.0219 (low Feb 21), 1.0200 (psychological level), 1.0175 (daily low Oct 9). Resistances on the other hand are seen at 1.0265 (high Feb 21), 1.0300 (psychological level), 1.0310 (10-day SMA).

Forex Flash: EUR/JPY upside prevails while above 121.50 – Commerzbank

The pair is suffering the opposite forces from the single currency and the Japanese yen, as the European currency remains under heavy pressure after yesterday’s FOMC minutes while the latter is well...
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Session Recap: US data scares risk; Euro & Canadian hurt

Bad Jobless and Philly Fed Manufacturing data hurt risk appetite on Thursday with the Greenback rising on its safe haven status and the Euro, Canadian Dollar and US equities weakening.
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