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Forex: EUR/USD keeps 1.2800 after US data

FXstreet.com (Barcelona) - The single currency remained indifferent after the annualized US economic activity grew 0.4%, in line with consensus albeit below the 3.1% previous. US labour market data showed Initial Claims rising to 357K in the week ended on March 24, missing expectations at 340K.

There is no further news coming from Cyprus, where the banks re-opened to the public in a calm context after the prolonged bank holiday.

At the moment, the pair is up 0.19% at 1.2802 with the next resistance at 1.2867 (high Mar.27) followed by 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the other hand, a breach of 1.2730 (low Nov.19) would open the door to 1.2685 (weekly cloud base) and then 1.2680 (61.8% of 1.2042-1.3711).

Canada: Industrial product price higher than expected, at 1.4% in February

Industrial product price in Canada rose 1.4% in February, more than the 0.4% expected, and at much higher pace than the previous month’s 0.1% (revised from 0.0%). Raw Material Price eased from 3.8% to 2.2%, but was able to stay higher than market consensus at 2.0%.
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Forex: AUD/USD down to 1.0400 after better US GDP Q4

From 1.0450 area, the AUD/USD first fell to 1.0416 during the Asian session after the Australian private sector credit report. After a bounce to 1.0440 on the European opening, the cross became heavy again and resumed the downside that was able to extend to the 1.0400 psychological level on the release of US GDP Q4 data.
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