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      EUR/AUD testing 1.4390-4400 bids

      FXStreet (Bali) - EUR/AUD keeps struggling to break past 1.45 round number, with the latest topside failure leading to a retreat towards 1.4390-4400 support at present.

      While there are tentative technical signs that suggests the pair may have found a temporary base at 1.4225-30, with bulls breaking above a descending trendline off April highs, there is still the need to overcome congestion areas, which remain plentiful, while on the downside, an area of demand imbalance at 1.4050-4225 keeps buoying the EUR.

      Jim Langlands, Founder at FXCharts: "If 1.4500 can be overcome we could then see a run up towards 1.4600 (100 DMA: 1.4620). Buying dips towards 1.4380/1.4400 with a SL placed sub 1.4320 appears to be the plan."

      Australia Wage Price Index (YoY) in line with expectations (2.6%) in 2Q

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      AUD/JPY slowly grinding higher towards 95 handle

      AUD/JPY is trading at 94.89, up 0.12% on the day, having posted a daily high at 94.97 and low at 94.70.
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