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Forex: AUD/USD hovering over session highs

The Aussie dollar jolted from sub 1.0300 levels to the vicinity of 1.0370 overnight, after the jobless rate in Australia stayed put at 5.4% in February, beating expectations at 5.5%. The bigger surprise came from the Employment Change, increasing by 71.5K vs. +9.0K expected.

“AUD was already well supported by unwinding RBA easing expectations before the jobs surge. A partial retracement next month seems assured but AUD crosses should remain bid. 1.04 area to cap AUD/USD given USD demand”, remarked Sean Callow, Strategist at Westpac.

At the moment, the pair is advancing 0.64% at 1.0365 with the next resistance at 1.0371 (Upper Bollinger) ahead of 1.0375 (high Feb.15) and then 1.0379 (23.6% Fib. of 0.9581-1.0625).
On the flip side, a breakdown of 1.0332 (high Feb.25) would expose 1.0303 (high Mar.6) and then 1.0274 (MA21d).

Forex: USD/JPY bounces back after profit taking on BoJ Kuroda

Profit taking pulled the USD/JPY to 95.69 low as Japan's lower house approved Kuroda as BoJ Governor. The two nominees for deputies will be confirmed tomorrow. The USD/JPY then bounced back to the 96.00 ground and is approaching yesterday's high of 96.25. Ahead is early week's highs of 96.69/72.
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Forex: USD/CHF rising towards last Friday's highs at 0.9550 area

The upside seen since February, after testing the 0.9100 mark, has gone as high as 0.9552 last Friday. This week's profit taking pulled the pair to 0.9430 low yesterday before the new up move that is currently underway. The USD/CHF is already at 0.9536 high.
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