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Forex Flash: AUD/USD negative outlook towards 1.0204/16 and 1.0116 – Commerzbank

FXstreet.com (Barcelona) - The AUD/USD left “the outlook negative following its recent ‘return to point of break out’ ( i.e retested the previous channel). This together with the 200 day ma offers resistance at 1.0398/1.0431”, according to Commerzbank analysts, expecting a directly offered market while capped there. “We should see a slide to 1.0204/16, the 11th March low and 78.6% retracement en route to the 1.0116 recent low. The 1.0116/00 represents the bottom of a 9 month range and break down from here will be significant”, wrote analyst Karen Jones, targeting the 0.9840/27 zone – the 2011-2013 support line and the 200 week ma longer term.

Forex: EUR/CAD above 1.3400 ahead of Canada CPI

After a first drop to 1.3368 low after the European opening, rising demand brought the cross back and above the 1.3400 handle, pricing at its highs currently, at 1.3412. Investors are looking ahead to the Canada CPI report, published at 12:30 GMT.
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Forex: EUR/JPY extends gains to 130.00

The yen weakened on Friday, with the euro extending gains to 130.00, after Japan's Finance Minister Aso said on Thursday the G20 has understand that Japan's monetary easing is aimed at beating deflation and not at weakening the yen.
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