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Forex Flash: Commodity pairs mixed ahead - UBS

FXstreet.com (Barcelona) - UBS strategist, Gareth Berry and Geoffrey Yu have taken a technical look at today's Commodity pairs and note that there is a mixed outlook ahead.

Starting with AUD/USD, they are bullish and feel that as long as support at 1.0306 holds, there is scope for further upside in the near term. They see resistance at 1.0497 and a break above would open the door to 1.0604. Looking to USD/CAD, they are neutral, writing, “Near-term directional triggers are at 1.0251 and 1.0089.”

Forex Flash: US GDP expected to slow in Q2 and Q3 - Nomura

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Forex Flash: EUR supported by Japanese diversionary investment flows - OCBC Bank

Emmanuel Ng of OCBC Bank notes that in the near term, market talk of diversionary investment flows out of Japan may benefit the EUR for as long as system tail risks remain under wraps.
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