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Forex: USD/CAD in highs ahead of Canadian CPI

FXstreet.com (Barcelona) - The USD rally is pushing the cross to session highs around 1.0190, closer to the psychological barrier of 1.0200 on Wednesday ahead of the inflation figures in the Canadian economy due later.

Consensus amongst traders expects the CPI to rise 0.8% in a year through February and 0.7% on a monthly basis vs. January’s 0.5% and 0.1%, respectively.

At the moment, the cross is up 0.26% at 1.0189 with the next resistance at 1.0222 (MA10d) ahead of 1.0251 (MA21d) and then 1.0315 (high Mar.8).
On the flip side, a breakdown of 1.0160 (low Feb.22) would aim for 1.0055 (low Feb.18) en route to 0.9995 (high Feb.5).

Forex: USD/JPY trading near session lows

The USD/JPY peaked earlier during overnight trading at 94.92, having made a failed break at the 95.00 level. However, this proved to be a mirage, as the cross has pared its gains and fallen substantially below multiple supports to trade at 94.13/15 in these moments, down -0.43%.
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Forex: USD/CHF slightly off session highs at 0.9526/28

The USD/CHF has made short work of the 0.9500 barrier/key resistance Wednesday, advancing on European concerns emanating out of Italy, coupled with the lackluster data from the EMU earlier. In recent moments the cross hit its zenith 0.9536/38 (session high), though at the time of writing the pair is trading at 0.9526/28.
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