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Forex: AUD/USD nears 1.0300 as USD weakens

After finding support at the 20-hour SMA, AUD/USD resumed the upside during the New York session in a bout of USD weakness following central banks' announcements and US data.

The AUD/USD climbed over 40 pips within the last hours and reached a high of 1.0289 before losing steam. The pair has been unable to extend gains above the 1.0300 area this week despite several attempts.

At time of writing, AUD/USD is trading around 1.0275, where it records a 0.4% gain on Thursday. From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that steady gains above 1.0300 are still required to confirm an upward continuation in the pair.

Bednarik sees immediate resistances at 1.0300, 1.0335 and 1.0360, while she places supports at 1.0270, 1.0220 and 1.0180.

Forex: EUR/GBP back to 0.8700 ground after ECB

Despite GBP strength on BoE's decision of keeping its policy as it was (rate at 0.5% and QE at £375B), the EUR boosted particularly on Draghi's press conference where he gave an upbeat speech, underlining his confidence in Eurozone's economic recovery.
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Forex Flash: 143.00 remains paramount support for Bunds – RBS

Bund levels are updated for the June contract – the price reached a good support region of 143.00 after forming a meeting lines reversal pattern. According to Technical Markets Strategist Dmytro Bondar at RBS, “It is the main support in the near time to determine the extent of correction. If it is broken, then 142.50 might be tested. In the long term, the price formed a pennant pattern with the measuring target of 145.20.”
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