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Forex: AUD/USD in session lows, around 1.0425/30

FXstreet.com (Barcelona) - The Aussie dollar is printing fresh lows in the vicinity of 1.0415/20 on Thursday, dragged by mixed data from the Australian economy: Building Permits rose less than expected 12.8% YoY in February, while Retail Sales expanded 1.3% on a monthly basis vs. 0.3% forecasted.

“All up, today’s data provides more comfort to the RBA that earlier rate cuts are translating into stronger activity. There is still a question mark on the non-mining investment outlook and concerns over the high AUD, but with strong retail data coming through it reduces the pressure on the RBA to cut again in the near-term”, comments Spiros Papadopoulos, Economist at NAB.

AUD/USD is now losing 0.28% at 1.0430.
Next support levels are located at 1.0391 (daily cloud top) and then 1.0387 (MA200d).
On the upside, a break above 1.0498 9high Apr.3) would expose 1.0555 (high Jan.24).

Forex: USD/JPY with violent jumps, now above 95.00

Despite the announcement of a new monetary policy framework and more easing than expected from the BoJ, the USD/JPY took its time to switch from a numb state just below 93.00 to jump above the 94.00 handle. After a few moments, the pair went for another leap, this time to 95.44, but noticeably retraced back. Markets are positioning themselves to this surprise action.
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Forex Flash: EUR/USD consolidates at 200-day MA, with negative bias - Commerzbank

Commerzbank analysts see the EUR/USD consolidating below its 200 day ma and resistance line at 1.2892/1.2912, “and while capped here a negative bias is maintained”. “It remains on course for 1.2679/61, this is the 61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low. We would allow this to hold the initial test and allow for some profit taking here”, wrote analyst Karen Jones, pointing to longer term target at 1.2400 and then 1.2042 (2012 low). “The 1.2912 resistance line guards last week’s high at 1.3050 which in turn guards 1.3100/80 – while capped here a negative bias is entrenched”, Jones added.
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