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USD/CAD hints at uptick selling

The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bearish USD/CAD profile.

From here, if USD/CAD spot rises closer to the level where the moving averages crossed, then sellers might see it as an opportunity to reenter at a better price. Furthermore, a convincing break through the 50-SMA signals a neutral tone, shifting positive above the 200-SMA.

NZDAUD: Prevailing uptrend - Westpac

Imre Speizer, Senior Markets Strategist at Westpac, suggests the NZDAUD cross last week resumed its uptrend and shows no obvious signs of an imminent reversal apart from being slightly overbought technically and slightly overvalued.
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GBP/USD testing highs near 1.5425, UK PMI eyed

The pound remains on the bids versus the US dollar heading towards early European trades, with GBP/USD now testing daily highs near hourly 10-SMA.
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