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Forex: AUD/USD clings to gains around 1.0350

The Australian dollar continues to trade inside a narrow range versus the greenback after an upside attempt was capped by the 1.0360 zone during the Asian session and the subsequent decline contained by 1.0315.

At time of writing, AUD/USD is trading at the 1.0340 area, still up 0.4% on the day. As for technical levels, immediate supports could be found at 1.0300/10, 1.0250 (low Feb 8) and 1.0225 (low Feb 12). On the upside, if the pair manages to break above 1.0360/75, next resistances are seen at 1.0400 (psychological level/100-day SMA) and 1.0455 (high Feb 5).

Forex: EUR/USD glued to the area of 1.3445/50

The bloc currency is closing the NA session in the negative territory on Wednesday, extending its consolidation pattern around the comfort zone in the mid 1.34s, easing ground after tops above 1.3500....
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Forex Flash: Cap on EUR/USD confirmed – UBS

On Wednesday the EUR/USD and EUR/JPY were about to regain pace for a further rise as investors tried to assess the consequences of the G7 statement, according to the UBS analyst team.
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