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Forex: AUD/USD jumps to 2-month highs at 1.0495

FXstreet.com (San Francisco) - The AUD/USD has finally broken above the 1.0480 level and after rising around 20 pips in the last couple of hours, the Aussie is testing the 1.0500 level against the Greenback. The pair has reached the 100495 as fresh highest level since January 24th.

The AUD/USD is currently trading at 1.0485 with 0.32% daily gains. The pair is trading inside a slightly bullish trend according to the FXstreet.com Forex Studies. Indicators such as MACD, CCI and Momentun are pointing bullish while the Stochastic is bearish in the 1-hour chart.

Next resistance levels line up at 1.0555 (high Jan.24) ahead of 1.0560 (hourly high/lows Jan.23) and finally 1.0578 (high Jan.22). On the downside, a breach of 1.0408 (MA100d) would bring 1.0389 (MA10d) and then 1.0363 (low Mar.21).

Forex: EUR/USD calm at 1.2850/70 after disappointing US data

The publication of overall disappointing data at 14:00 GMT didn’t trigger any decisive move in the FX market yet. The EUR/USD has been mostly trading sideways, between 1.2850 and 1.2870.
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Forex: GBP/USD downside held at 1.5140 zone

Downside pressure showed up since mid-London morning after failing to climb above 1.5200 and then the market pulled the GBP/USD to 1.5140 zone (low at 1.5135), where it has been finding support. Still, the pair remains subdued after the US data load.
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