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Flash: USD/CAD bullish above 1.0266 – 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, “The immediate risk is for a short-term upside before the broader bear trend resumes. Resistance is at 0.9723 ahead of 0.9843. Support is at 0.9528 ahead of 0.9388, indicating a bearish outlook intraday” In addition, in looking at the USD/CAD, as long as support holds at 1.0266, the potential is for resumption of the bull trend. Meanwhile, resistance is at 1.0421 ahead of 1.0524.

USD/CAD finds resistance at 1.0380

The US dollar bounced from the 1.0300 area and rose sharply to fresh daily highs against the loonie, propelled by strong Chicago PMI and consumer sentiment data.
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Flash: EUR/USD looks technically bearish - Nomura

Nomura strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective and believes that spot looks bearish ahead.
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