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Forex: AUD/USD rises above 1.0500

FXstreet.com (Córdoba) - The Australian dollar has continued to move higher against the greenback and pierced the 1.0500 level to score a fresh 11-week high as US stocks reach intraday peaks.

Having climbed over 90 pips throughout the day, AUD/USD recently hit its highest since Jan 24 at 1.0506. At time of writing, the pair is trading around 1.0500/05, up 0.9% on the day.

As for technical levels, if AUD/USD breaks decisively above 1.0500/10, next resistances are seen at 1 1.0555 (Jan 24 high) and 1.0580. On the other hand, supports in case of dips could be faced at 1.0450 (20-hour SMA), 1.0420 (100-hour SMA) and 1.0400 (psychological level).

Forex: EUR/USD treading water around 1.3090/1.3100

The shared currency is holding steady around 1.3090/1.3100, as markets are approaching to the last part of the trading session on Tuesday. The sentiment surrounding the euro thus remains intact ahead...
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Forex Flash: We become better buyers in the upper 1.30 area, an even more so above 1.3150 - TDS

The Euro is trading higher today against the Greenback with the pair advancing 0.65% on the day to test the 1.3100 frontier. "The EUR continued to be better bid, as it has been since Draghi’s comments at the ECB meeting last Thursday," point TD Securities' analysts Shaun Osborne and Greg Moore.
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