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Forex: GBP/USD consolidates above 1.5340

FXstreet.com (Córdoba) - Even though the dollar weakened at the beginning of the NY session, weighed by disappointing US consumer confidence reading, the pound failed to stage a sustained recovery.

GBP/USD bounced from the 1.5340 area, but with the upside being capped by the 20-hour SMA around 1.5380, the pair was confined to a phase of consolidation. At time of writing, GBP/USD is trading around 1.5360/65, still down 0.1% on the day.

"Range will probably dominate the pair over the last trading hours of the week, as it has become usual for the US session", says Valeria Bednarik chief analyst at FXstreet.com. On the downside, the analyst sees immediate supports at 1.5340, 1.5300 and 1.5260, while she places resistances at 1.5410, 1.5445 and 1.5490.

Forex: NZD/USD falls to session lows at 0.8558/62

The NZD/USD fell off the 0.8605 level during US trading Friday, plummeting nearly 40 pips below the 0.8600 level in recent moments. At the time of writing the pair has amplified its losses to trade at 0.85658/62, down -0.81%.
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Forex Flash: 10-year US treasuries preach patience for entry levels – Goldman Sachs

With regards to 10-year US treasuries, “We recommend a flat duration posturing here – daily momentum studies and positioning (the market appears a lot less short after last week) lead us to expect a re-test of supports (former support levels like 1.83% in 10-years) in the coming week or two: be patient for a back-up to better entry levels.” Recommends the RBS Research Team.
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