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Forex: AUD/USD erases losses after US data

Commodity currencies, but specially the CAD, benefitted from better than expected US retail sales, and managed to advance against the greenback. AUD/USD bounced from daily lows just beneath 1.0300 and erased losses climbing to the 1.0320 zone.

The Australian dollar is currently trading around 1.0320/25, where it is virtually unchanged since opening, having being rejected from a high of 1.0333 and supported by 1.0300.

In terms of technical levels, the Mataf.net analyst team locates next resistances at 1.0335, 1.0350 and 1.0365, while they locate supports at 1.0300, 1.0265 and 1.0235.

Forex: USD/CAD testing weekly lows, around 1.0250

The Canadian dollar is sharply appreciating against the greenback after the solid advance of the US retail sales, dragging the cross to weekly lows in sub 1.0250 levels...
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Forex: NZD/USD range-bound ahead of RBNZ decision later tonight

The NZD/USD has been seemingly devoid of any sweeping movements Wednesday, ahead of the looming RBNZ rate decision and monetary policy statement scheduled for later tonight. Having oscillated in a 43-pip range (0.8235-0.8278) today, the cross has now settled in negative territory at 0.8250/53 at the onset of American trading.
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