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Forex Flash: Commodity-based face divergent outlooks intraday – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “we reiterate a bullish near-term outlook as all evidence suggests more upside in the near-term and any setback will be limited. resistance is at 1.0604/1.0627, while support is at 1.0426.” they note. Should a pullback occur, support lies below at 1.0406. In addition, the USD/CAD indicators suggest a neutral outlook, with near-term resistance is at 1.0197, ahead of 1.0251 – support is at 1.0135 ahead of 1.0089.

Forex Flash: Kuroda comments most likely seen as Yen bearish - OCBC Bank

Emmanuel Ng of OCBC Bank note that markets are likely to continue to interpret the latest remarks from BoJ Kuroda as continually bearish for the Yen.
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Forex: EUR/USD at session highs at 1.3127/35

The EUR/USD is rocketing ahead during European trading, jumping to session highs in these moments at 1.3127/35 – storming over resistances in the process. Having moved over 40 pips recently, the cross now is securing a steadfast advance of +0.41% Thursday.
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