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Forex: EUR/USD threatens daily highs

Although still within its intraday range, the shared currency bounced from lows and rose back to the topside against the dollar, underpinned by the positive opening in Wall Street.

EUR/USD climbed around 40 pips within the last hours but the recovery was halted by the 1.3370 area, where the 100-hour SMA reinforces resistance. At time of writing, EUR/USD is trading around 1.3365, still up 0.1% on the day.

In terms of technical levels, next resistances could be found at 1.3370 (intraday high/100-hour SMA), 1.3393 (Feb 15 high/200-hour SMA) and 1.3415 (hourly high/lows Feb 14). Meanwhile supports are seen at 1.3330 (intraday low), 1.3306 (low Feb 15) and 1.3285 (Jan 24 low).

Forex Flash: Antipodean monetary policy expectations to diverge – ANZ

Looking ahead, we expect monetary policy expectations to move in opposite directions again as the Australian market prices in a less aggressive easing profile and the NZ market prices out rate hikes. In New Zealand, the market has moved to price in 80% odds of a rate hike by October. The 2-year swap rate has surged as a consequence. Markets can and will lurch from one extreme to the other.
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Forex: EUR/JPY regains 125.00 level on US session

The EUR/JPY has recovered the losses made during European time, meaning the drop below the 125.00 mark to as low as 124.56. Little before the US session, the cross began bouncing back and returned to the psychological level around the opening.
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