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Forex: AUD/USD regains 1.0300, fills the opening gap

After a negative start of the week, the Australian dollar managed to reverse losses and filled the opening gap ahead of the New York session supported by better risk sentiment.

AUD/USD slid toward a low of 1.0260 during the Asian session, but found support and bounced, recovering over 60 pips to hit a daily high of 1.0327 in recent dealings. At time of writing, AUD/USD is trading around 1.0320, 0.2% above its opening price.

As for technical levels, if AUD/USD manages to climb above 1.0330, next resistances could be found at 1.0340 (high Feb 22) and 1.0370 (200-day SMA). On the other hand supports are seen at 1.0300 (psychological level), 1.0260 (intraday low) and 1.0235 (low Feb 20).

Forex: USD/JPY retraces below 94.00

The USD/JPY is giving in to more retracement of early gains, with a high printed at 94.50. The European morning allowed the pair to breach below the 94.00 mark and find a low at 93.67. The pair remains “tall” (+0.44%), given its early rally from 93.36.
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Forex: EUR/JPY rallies to 125.00

Thanks to euro strength, the EUR/JPY is being able to the keep upside steady after the almost 200 pips gained right at start of the week, to as high as 124.92. The Japanese Yen was been retracing part of the losses made in reaction to reports (not confirmed yet) that PM Abe will nominate dove ADB President Kuroda to lead the BoJ, but the market is moving agian now. The Yen is falling again and the Euro keeps strengthening, pushing the EUR/JPY to new daily highs, above 125.00.
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