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Forex: AUD/USD eyes 1.0400 as risk-on trade sharpens

FXstreet.com (Barcelona) - The Aussie dollar is trading almost unchanged on Friday, despite the risk-on tone in the markets is posed to extend yesterday’s rally, pushing the cross to test Thursday’s highs above the key resistance of 1.0400

“The recent strength is approaching resistance 1.0414, a closing break above would be positive opening 1.0458. Support is at 1.0267 ahead of 1.0202”, commented Strategists G.Yu and G.Berry at UBS.

At the moment, the cross is losing 0.01% with the immediate support at 1.0376 (Upper Bollinger) ahead of 1.0360 (MA200d) and finally 1.0358 (50% Fib of 1.0599-1.0116).
On the upside, a breakout of 1.0404 (high Mar.14) would expose 1.0406 (daily cloud base) and then 1.0437 (daily cloud top).

Japan's Nikkei rises on confirmation of Kuroda as BoJ Governor

Japan's Nikkei Stock Average rose by +1.45% as the upper house confirmed Haruhiko Kuroda as the new BoJ Governor, and Kikuo Iwata and Hiroshi Nakaso as Deputy Governors, and they will start their jobs in March 20. “Confirmation of new BoJ Governor Kuroda was a mere formality, and we await the first BoJ meeting on April 3 to see if strong words are backed by aggressive deeds”, wrote TD Securities analysts.
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Forex: USD/CHF pressuring down ahead of Swiss data

After the wide fall from 0.9568 high to 0.9452 as the US session opened yesterday, the USD/CHF has been stuck in the 0.9460/0.9476 range, unable to breach the it since then. The upside area is also yesterday's close and the market fell below the lower band of the range towards yesterday's spike low of 0.9452, down by -0.21%. Ahead is Producer and Import Prices in Switzerland for February.
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