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EUR/AUD finds some ground in the 1.34 round area

FXstreet.com (Barcelona) - EUR/AUD is last at session highs 1.3413, off recent double dip near the 1.3375 area as fresh weekly lows printed in late NY trade, coming down from previous weekly close Friday at fresh 1.5-year highs 1.3587. The cross is down -1.2% for the week on the back of Aussie strength, although still a +5.71% higher year to date.

With latest Australian current account data out, showing a smaller deficit than expected, and just few hours away from RBA interest rate statement at 04:30 GMT, AUD/USD is seeing some selling pressure printing session lows last at 0.9737, off NY session and fresh 2-week highs at 0.9790. Although market expectations are divided, most analyst are calling for RBA to remain on hold today, with any other move from the central bank being a potential catalyst for a surprising move in the Aussie.

Immediate resistance to the upside for EUR/AUD shows at May 24 highs 1.3434, followed by May 27 highs at 1.3452, and May 29 highs/Monday's Asian session lows at 1.3485/91. To the downside, closest support lies at recent session/weekly/May 30 lows 1.3375, followed by May 22 highs/May 28 lows at 1.3324, and May 23 lows around 1.3244.

AUD/JPY advances capped below 97.50

The AUD/JPY finished the day up 33 pips to close at 97.14, at one point trading as high as 97.26 but failing to take out key resistance near the 97.50 level (the 9dma). Market participants should be aware that we will see the latest RBA Rate Decision later in the session at 4:30 GMT, as well as Aussie GDP figures tomorrow.
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Flash: Longer-term price signals and momentum remain bullish for USD/CAD - TD Securities

“Short-tem price trends have turned a little heavy for USD/CAD, with the market slipping back to the low 1.03 area,” noted Sean Osborne, Head of FX Strategy at TDS
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