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Forex Flash: AUD/NZD may see short term bounce - Westpac

FXstreet.com (Barcelona) - In view of Richard Franulovich, Westpac analyst, "the banks's client flows suggest that AUD/NZD downside is well owned, however, with the cross approaching key long term support levels into 1.2000-1.2150, it may well see a short term bounce soon." A longer term low is not yet in place, he says, "given entrenched longer term preference for NZD over AUD" Richard adds.

Forex: EUR/USD consolidates at 1.3050 after failing to break the 1.3100

The EUR/USD traded in recovery mode on Thursday following the Wednesday sell. Early in the day, the pair rose from 1.30 lows to test the 1.3100, but Euro didn't have enough punch and the pair was rejected at this level to price back around the 1.3050.
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Forex: NZD/USD defending 0.84 round bids

NZD/USD is last at 0.8412 bids, off fresh session and 2-day lows at 0.84 round, losing some of its recent shine, that took the pair just past Thursday to fresh multi-month highs at 0.8675. The pair has lost more than -1% in last 2 trading days, adding to almost -2% for the week so far, leaving it as one of the weakest currency among majors for last 2 trading days, along CAD, and only above Aussie.
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