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Forex: AUD/USD hovering over 1.0250

The Aussie dollar is stabilizing around 1.0245/50 on Thursday after trading in an upbeat tone overnight, climbing from lows around 1.0220

In the data space, Australian trade deficit widened to A$ 1,057 million during January, largely surpassing the forecasted A$ 500 million and December’s A$ 688 million.

“The domestic story is mixed, not soft enough for the RBA to deliver on its easing threat but enough for markets to keep leaning towards at least one more cash rate cut. But underlying demand for risk assets is persistent… This combination seems set to limit losses to no further than the recent 1.0115 low”, assessed Sean Callow, analyst at Westpac

AUD/USD is now up 0.12% at 1.0246 with the next resistance at 1.0265 (hourly low/high Mar.6) ahead of 1.0278 (MA21d) and then 1.0303 (high Mar.6).
On the downside, a dip below 1.0206 (high Mar.4) would expose 1.0188 (low Mar.5) and finally 1.0182 (Lower Bollinger).

France Exports, EUR declines to €36.735B in Jan from €37.626B in Dec

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Having gone as high as 94.11 in expectation of a BoJ surprise, which didn't happen, the USD/JPY came down to test 93.80 briefly before heading towards the 94.00. The market trades just below the level.
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