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Forex: AUD/USD finds support at 1.0250

FXstreet.com (Córdoba) - The Australian dollar trades effectively unchanged on the day versus the greenback but not without volatility. AUD/USD peaked at 1.0308 during the Asian session but failed to sustain gains and slid toward a new 5-week low of 1.0250 despite broad gains in stocks.

However, AUD/USD managed to find buyers and bounced from lows, returning to the 1.0270/75 region, just where it started the day.

In terms of technical levels, immediate supports for the cross are seen at 1.0250 (daily low), 1.0202/00 (Mar 11 low/psychological level) and 1.0185 (Mar 5 low). On the other hand, resistances could be found at the 1.0300/10 area (psychological level/daily high) and 1.0357 (Apr 19 high).

Forex: EUR/JPY at 130.00 area and looking to 131.13 April-11 high

The EUR/JPY keeps moving higher on Monday after G20/IMF’s green light to BoJ monetary easing and its implications for JPY. The cross had rallied 2200 pips to 131.13 high in reaction the central bank’s decision in April, more intervening than expected, and its corrective movement touched the 125.00 psychological level. The market is now moving back towards its highs, at 130.11 after printing a daily high at 130.67 during the Asian session and testing 130.00 for support during European time.
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Forex: EUR/USD in red around 1.3040/45

The demand for the single currency remains subdued on Monday, as the cross continues to navigate in the red territory after giving away initial gains....
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