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AUD maintains positive tone - FXStreet

FXStreet Chief Analyst Valeria Bednarik remarks that AUD/USD has been trading above the 0.9300 mark on Thursday, although failing to break clearly above the 0.9330 resistance level so far.

Key quotes


"The hourly chart shows 20 SMA around the 0.9300 figure, offering some intraday support while indicators stand in positive territory, albeit lacking clear strength."

"In the 4 hours chart the technical picture is also positive but with a limited upward momentum, supporting the need of a clear break above mentioned resistance before a new leg up."

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GBP/USD fresh lows likely before recovery - Scotiabank

Camilla Sutton, strategist at Scotiabank, said they expect the GBP/USD to eventually recover and retrace some of its weakness, but in the near-term fresh lows are likely.
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