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AUD/JPY: faster SMA now above 200-hour

As the AUD/JPY hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

GBP/CAD reverses daily losses

The GBP/CAD cross continued trading within its recent range, having bounced from a daily low set at 2.0020 to close the day with a minor gain. The setback in oil prices seen over the last hours, weighed on the Canadian dollar and led the way higher. At time of writing, GBP/CAD is trading at 2.0108, up 0.14% on the day.
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Crude ends the month 10% lower

Crude oil prices started the week with a positive tone but turned lower during the second half of the session, with WTI futures closing flat around $41.60 a barrel.
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