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Forex: AUD/USD retreats from highs

FXstreet.com (Barcelona) - The upside momentum in the AUD faded in the boundaries of 1.0360 on Friday, dragging the cross back to the 1.0335/40 region as risk aversion is stepping in the markets.

According to Strategist Sean Callow at Westpac, “The outlook brightens from mid-year though as BoJ QE should dovetail with the Fed’s to push AUD/USD back towards this year’s highs around 1.06”.

AUD/USD is now up 0.36% at 1.0340 facing the next resistance at 1.0354 (MA55d) ahead of 1.0398 (MA200d) and finally 1.0399 (high Apr.16).
On the flip side, a breach of 1.0280 (hourly lows Apr.18) would open the door to 1.0269 (low Apr.18) and then 1.0266 (low Mar.12).

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Forex: USD/CAD establishing fresh lows at 1.0231/35

The USD/CAD has operated in a rather narrow 35-pip consolidation Friday (1.0231 - 1.0266). However during European trading, the cross has bottomed out at session lows, testing support at the 1.0231/35 level, off -0.25% from its opening.
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