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Forex: AUD/USD pushes higher, hits 2-day peak

The Australian dollar continues to recover ground against the greenback ahead of the NY open, with AUD/USD reaching 2-day highs still underpinned by RBA Stevens comments, which sounded surprisingly less dovish-than-usual.

After touching a 4-month low of 1.0219 on Thursday, the AUD/USD received a boost during the Asian session and rallied over 90 pips throughout the day to hit a 2-day peak of 1.0339 in recent dealings. At time of writing, AUD/USD is trading around 1.0330, recording a 0.8% daily gain after 2 consecutive losses.

As for technical levels, the Mataf.net analyst team locates immediate resistances at 1.0340, 1.0365 and 1.0385, while they see supports at 1.0320, 1.0295 and 1.0265.

Forex: USD/JPY eases from 93.47 peak, but still higher on the day

The USD/JPY peaked at 93.47 high in early European session only to retrace back to the area where it has been trading sidelined around 93.30, still above the opening price of 93.11.
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Forex Flash: CAD to continue fall after Canada CPI and Retail Sales – TD Securities

TD Securities analysts saw somewhat better mood in commodities (and less dovish talk from the RBA) lifting the AUD and the NZD through the overnight session, but the CAD is expected to further under-perform today, “based on the likelihood that this morning’s Canadian data continue to paint a sluggish picture for the economy”, wrote analysts Shaun Osborne and Greg Moore, suggesting that the CAD is “recalibrating” to the softer domestic growth trend evident through the second half of last year. “The soft undertone likely has a little more room to run”, they added.
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