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AUD/USD establishes session lows at 0.9665/68

FXstreet.com (Barcelona) - The AUD/USD upside has proven to be fleeting Tuesday, culminating in a huge waning of the AUD across the board, following overnight RBA action.

Indeed, during overnight trading, the AUD/USD received an impetus from the RBA, which held interest rates firm at 2.75%, in line with expectations. Moreover, the Australian Current Account Balance was reported at only -8.5B in Q1, beating projections of -9.0B.

Presently, the pair is operating at 0.9665/68, notching session lows in these moments. In terms of the technical levels, Mataf.net analysts point to supports for pair at 0.9641, ahead of 0.9522, and ultimately 0.9447. Conversely, a movement back higher will instigate the testing of resistances at 0.9835, onto 0.9910 and 1.0029.

According to the Technical Analyst Team at ICN.com, “The AUD/USD rose on Monday and breached 0.9700. Despite the bearishness seen on Tuesday, the pair steadied above a support, an earlier breached resistance. With positive linear regression indicators, we expect to witness an upside movement in today's session, provided that the pair settles above 0.9650.”

GBP/JPY eases off highs to 153.47/49

The GBP/JPY has been streaming ahead Tuesday, helped by a steadfast recovery and renewed strength of the GBP.
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