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Forex: AUD/USD holds above 1.0200

The Aussie dollar extended its recovery versus the greenback from multi-month lows after the RBA decided to keep its monetary policy unchanged during the Asian session. However, the rally was capped by the 1.0250 area, forcing AUD/USD to retrace gains.

AUD/USD pulled back toward the 1.0215 zone before finding support and it is currently trading around 1.0220/25, still up 0.3% on the day.

In terms of technical levels, on the downside, AUD/USD could found immediate supports at 1.0200 (psychological level), 1.0180 (lows Feb 27/Mar 1) and 1.0115 (low Mar 4). On the upside, resistances are now seen at 1.0250 (intraday high) and 1.0290 (high Feb 28).

Forex: EUR/USD stabilizes at 1.3030 ahead of NY session

Investors got surprised by Services PMI figures in European countries, particularly Germany and France, and pushed the EUR/USD higher to 1.3076, but there wasn't much follow up afterwards and the market retraced those gains back to the opening price, and printed a low at 1.3016. Since then, price action is stabilizing around 1.3030.
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Forex Flash: CAD awaits BoC decision, correction to 1.02 viable – TD Securities

TD Securities analysts see a mixed bag so far today in the FX space and say the CAD is marking time ahead of the BoC policy meeting. "We think there is scope for the BoC to soften its language and acknowledge weaker growth trends", wrote analysts Shaun Osborne and Greg Moore, also aware of the (big) risk of a shift to a more obviously neutral policy.
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