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Forex Flash: Commodity Currencies technically mixed - UBS

FXstreet.com (Barcelona) - UBS strategists Gareth Berry and Geoffrey Yu have taken a technical look at this mornings Commodity pairs and note a mixed picture ahead.

Starting with AUD/USD, they are bullish and note that resistance is at 1.0497, and a break above would leave little resistance until 1.0599. They see support at 1.0386 ahead of 1.0351. Moving to USD/CAD, they are neutral, and see that the latest weakness suggests scope for extension of correction to test support at 1.0137 and then 1.0089. They see resistance is at 1.0183 ahead of 1.0222.

UK: Consumer Credit grows more than expected in February

UK Consumer Credit rose to £0.6B in February, from £0.5B registered the previous month, according to the BoE report published today. The result is higher than forecasts of £0.3B.
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