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AUD/USD: looking for 0.7100 - Westpac

FXStreet (Guatemala) - Imre Speizer, Strategist at Westpac, noted that the Aussie dollar reach 1 month highs, even as iron ore printed post-GFC lows.

"We didn’t expect 1 month highs this week, perhaps underestimating M&A-driven demand.

This should help insulate AUD/USD on any near term dips towards 0.7100. A steady RBA and reasonable (not great) GDP growth also argue for AUD/USD trading ranges.

But 0.7300 and especially 0.7380 should be strong resistance given the gloomy commodity price outlook and a positive USD mood. AUD bulls should have more luck against NZD and EUR."

NZD/USD downside bias below 100 DMA

NZD/USD is currently trading at 0.6572 with a high of 0.6597 and a low of 0.6562.
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Brazil: Central bank leaves rates unchanged, on a slip vote

Yesterday, as expected, the Central Bank of Brazil, left the reference interest rate (Selic) unchanged at 14.25%. The real dropped against the US dollar following the decision and after the arrest of a senator and an investment banker CEO as a part of the Petrobras scandal.
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