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Forex: AUD/USD unchanged as RBS Stevens speech a non event

FXstreet.com (Barcelona) - AUD/USD is last at 1.0458, little changed for the Asia-Pacific session, despite the fact Chinese markets opened with heavy selling, which usually leads the Aussie in thin markets, and RBA Stevens giving a speech today in Sydney. “RBA Governor Glenn Stevens gave a speech today: 'Financial Regulation: Australia in the Global Landscape'; there was nothing of relevance to monetary policy or FX,” said ForexLive editor Eamonn Sheridan, recapping on the event.

Governor Stevens said "sorry to those who expected him to talk about monetary policy at the speech", reported MNI journalist Sophia Rodrigues in her Twitter account, though there should be nothing to be sorry about if one read previous NAB comments here. Shanghai index is last -1.31% lower for the session so far, while Hang-Seng -0.4% and Australia ASX -0.8%. Market's attention will shift now to US key risk events starting at 12:30 GMT in the form of core durable goods orders, and CB Consumer confidence and New home sales both at 14:00 GMT.

Immediate resistance to the upside for AUD/USD shows at recent session highs 1.0460/70, followed by yesterday's fresh 2-month highs at 1.0480, and Dec 13 lows at 1.0503. To the downside, closest support lies at yesterday's NY session lows 1.0442, followed by Monday's weekly lows at 1.0432, and Friday's lows at 1.0420, ahead of the 200 day SMA/Feb 15 highs at 1.0375.

Forex: EUR/USD down to 1.2660 now and option

EUR/USD has spent the whole Asia-Pacific session below its 200 day SMA for the first time in quite a while. Last at 1.2864, the pair is down almost -1% for the week so far, following final agreement on the Cyprus bailout early yesterday at the Asia weekly open. The EUR/USD broke immediately to the upside on the news printing a fresh 6-day high around the 1.3050, unable to close the previous gap down from Friday March 15 close, when Cyprus bailout conditions started to scatter across the wires.
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Quite a slow market session in Asia-Pacific across the board, with some reaction as of late the closer the London open it gets. EUR/USD, AUD/USD and GBP/USD they all trade near session highs following thin trading ranges, after big moves took place yesterday specially in Euro and USD during London and New York sessions.
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