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Forex Flash: AUD/USD up on encouraging numbers - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank comments that after relinquishing intra-day gains on Wednesday, AUD/USD bounced higher again in early Asia.

He notes that the move came on better than expected February building approvals and retail sales numbers. Initial resistance is expected towards 1.0510 with the pair still seen supported in a 1.0360-1.0500 band.

Forex Flash: EUR crosses mainly bearish - UBS

UBS strategists Gareth Berry and Geoffrey Yu have taken a look at this mornings EUR crosses from a technical perspective and note that they are mainly bearish this morning.
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Forex Flash: What will be the next move by the ECB?

In light of the ECB monetary policy meeting this afternoon, the majority of analysts expect the central bank to hold the lending benchmark at 0.75%. However, the likeliness of a rate cut has grown bigger...
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