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Forex: AUD/USD tests 1.0300/10 zone, lowest since March 13th

FXstreet.com (San Francisco) - The Aussie is extending its losses against its American counterpart and after collapsing around 110 pips in the American session from 1.0420, the AUD/USD has broken down the 1.0350 level and test the minimum since March 13th at 1.0305.

Currently the pair is trading at 1.0315, 1.80% below opening price. The pair is slightly bearish according to the FXstreet.com Trend Index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic going higher.

Below 1.0300 (low Mar.12), next supports are at 1.0285 region and 1.0200. On the upside, a break above 1.0397 (MA200d) would the target 1.0425 (hourly high Apr.15).

Forex Flash: UK inflation to rise at 2.9% YoY in March - RBS

The National Statistics is scheduled to publish the UK inflation report for March on Tuesday April 16 at 8:30 GMT. Market expects a steady inflation at 2.8% between February and March. However, RBS analyst team sees the inflation accelerating somewhat to 2.9% in the third month of the year.
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Wall Street collapses on China growth concerns

The US stocks market closed lower on Monday as investors were trading in risk aversion on China growth concerns and fueled by the bad sentiment from Boston bombs developments. The Dow performed its worst day since November 7th.
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