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USD/CAD pullbacks contained around 1.0310/15

FXstreet.com (Barcelona) - The US dollar resumed its momentum against the CAD on Friday, keeping the cross in the positive territory around 1.0310/15.

In the opinion of G.Moore and S.Osborne, FX Strategists at TD Securities, “The trend higher should prevail. Trend momentum signals remain constructive across a range of timeframes and we think this implies limited downside scope and an ongoing, though perhaps grinding (for the moment), bid in funds”.

USD/CAD is now up 0.09% at 1.0315 with the next resistance at 1.0425 (high Jun.5 2012) ahead of 1.0446 (2012 June high) and finally 1.0472 (high Nov.28 2011). On the flip side, a drop beyond 1.0300 (hourly low May 24) would bring 1.0251 (low May 22) and then 1.0246 (MA10d).

Flash: GBP/AUD looks to target 1.5200 – Westpac

According to Sean Callow, a Global FX Strategist at Westpac, “After an 8% rally since early April, GBP/AUD probably has enough bad AUD news priced in near-term, suggesting risks back towards 1.5200.”
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GBP/USD consolidates above 1.5100

After failing to overcome the 1.5140 resistance area and with the subsequent pullback being contained by the 1.5110 zone, the Cable entered in a consolidation phase as markets head into the US holiday weekend.
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