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Forex: AUD/USD slides back below 1.0300

The Australian dollar slumped and erased intraday gains versus the dollar as a negative turn in risk sentiment weighed on currencies linked to commodities. News that Berlusconi's centre-right coalition is ahead in the overall Senate race helped to boost the greenback across the board.

AUD/USD fell from a high of 1.0327 back toward the 1.0270 area, although it remains within its intraday range. At time of writing, AUD/USD is quoting around 1.0275/80, down 0.5% on the day.

As for technical levels, Valeria Bednarik, analyst at FXstreet.com locates immediate supports 1.0260, 1.0220 and 1.0180, while she sees resistances at 1.0330, 1.0370 and 1.0410.

Forex Flash: Asset managers dictate yen selloff – UBS

The USD/JPY was also well offered, as last week's BoJ nomination news did not go the way bulls had hoped. However, the news so far this week indicates otherwise and much like its fellow cross the EUR/USD, the path for upside also appears to be relatively clear.
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Forex: EUR/USD regains 1.3200

After dipping back to session lows in the vicinity of 1.3180, the bloc currency has managed to regain the key mark at 1.3200, as uncertainties regarding the final results from the Italian elections continue...
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