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Forex: AUD/USD tests 1.0200

The AUD/USD has recovered further from its bottom at 1.0115 with the pair testing the 1.0200 zone in the last hour. Currently the AUD/USD is trading at 1.0190, 0.12% negative on the day.

In the 15-minute chart, the MACD, CCI and Momentum indicators are bullish while the Stochastic is bearish. In the 1-hour timeframe, CCI and Momentum are bullish while MACD is neutral and Stochastic is bearish.

"The overall bearish trend remains in place, as long as current recovery finds sellers in the 1.0200/20 price zone," states FXstreet.com Analyst Valeria Bednarik. "A daily close below the 1.0150 mark, should open doors for a downside continuation towards parity over the upcoming sessions."

Forex: USD/CHF consolidates above 0.9400

Consolidation has been the theme of the day in the FX market on Monday as investors started the week on a cautious mood ahead of central banks and economic reports.
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Session Recap: USD loses some strength

Riskier currencies are recovering some ground against the Greenback following an initial period of consolidation on lows. The GBP/USD has broken above its perfect range between 1.5010 and 1.5040 to jumps above the 1.5100 area. The AUD/USD bounced from 8-month lows at 1.0115 to test the 1.0200 frontier and the USD/CAD returned to the bottom of its range at 1.0275.
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