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Flash: USD/CAD resumes bullish trend ahead of 1.0394 resistance – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “there is a strong support at 0.9582. The immediate risk is for a short-term upside to unwind the overextended downside conditions. Resistance is at 0.9779.” In addition, in looking at the USD/CAD, with the bull trend in place, focus is on resistance at 1.0394, a break above would open 1.0447 – support is at 1.0249.

Flash: USD/JPY primed for dip below 100.00 – Westpac

According to Global FX Strategist Sean Callow at Westpac, “The failure of the EUR/USD to break 1.3000 and 200dma at 1.3023 adds to the preference to sell rallies based on relative growth, with EZ providing glimmers of hope (advance PMIs) but recession entrenched.”
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GBP/USD falls below 1.5100

The pound is among the worst performers in the FX space on Monday, printing losses versus the dollar and the euro despite the low volume.
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