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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 to weight on traders. Last polls’ results would be pointing to a victory of Berlusconi over Bersani in the north of the peninsula – Emilia Romagna, Veneto and Lombardia.

The Italian stock exchange is trading in red, although the yields of the benchmark bonds remains above Friday’s lows… so far.

At the moment the cross is posting meager gains at 1.3222 or 0.04% with the next resistance at 1.3330 (MA10d) ahead of 1.3415 (MA21d) and finally 1.3456 (high Feb.14).
On the flip side, a breach of 1.3146 (low Feb.22) would open the door to 1.3123 (MA100d) and then 1.3039 (low Jan.10).

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.
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Berlusconi refill his possibilities and has 31.9% votes to Senate according to projections

Not too fast says Italian voters after the first exits polls that showed Pier Luigi Bersani's center-left coalition winning the day. Now with the first projections and another polls, it seems that former Prime minister Silvio Berlusconi has taken the lead with 32% of votes to senate against the 28.7% for Bersani.
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