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Forex: AUD/USD upside capped around 1.0470

FXstreet.com (Barcelona) - The Aussie dollar failed to follow through 1.0470 overnight, now retreating to the current area of 1.0455/60 ahead of the opening bell in London.

“Australia’s trade deficit came in much lower than expected in February, thanks to assistance both from a 3% lift in exports and a 1% decline in imports. This is the best monthly trade balance result since December 2011”, assessed Davis de Garis, Senior Economist at NAB.

At the moment, AUD/USD is advancing 0.08% at 1.0458 facing the next hurdle at 1.0482 (high Mar.27) followed by 1.0555 (high Jan.24).
On the flip side, a breach of 1.0437 (MA10d) would bring 1.0428 (high Mar.29).

Forex: USD/JPY higher around 93.50

The USD/JPY is more biased to the upside today as the BoJ meeting puts investors on their toes ahead of an expected new dovish approach by Governor Kuroda. The recent trend, however, has been towards the downside since March 12 and hitting a low at 92.57 yesterday. The pair rose to 93.69 high today and has been stabilizing around 93.50 area.
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Forex: USD/CHF above 0.9500

After an early rise to the 0.9500 psychological level during the Asian session, the USD/CHF stayed quite still for around some time but the pair has just moved higher, to 0.9514, ahead of the European session. Those gains are currently being retraced.
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