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Forex Flash: AUD/USD bearish below 1.0398 – Commerzbank

FXstreet.com (Barcelona) - After dipping to the boundaries of 1.0220, the Aussie dollar found buying interest that lifted the cross to the current region of 1.0255/60, ahead of tomorrow’s key inflation figures in Australia. Market consensus expects consumer prices to rise 2.8% on a yearly basis during the first quarter.

According to Karen Jones, Head of FICC Technical Analyst at Commerzbank, the cross “has again sold off and will shortly encounter initial support and take profit at 1.0220/04, the 78.6% retracement and the 11th March low… The market remains directly offered below its 200-day ma at 1.0398”.

Forex: GBP/USD's retracement tests 1.5250

The GBP/USD's recovery from 1.5195 was capped at 1.5285, intra-day high, where the pair has started a downside movement that currently is testing the 1.5250 level. At this moment, the pair is trading at 1.5255, 0.23% below opening price.
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Forex: NZD/USD around 0.8400, eyes on RBNZ

The kiwi dollar is trading on the back foot ahead of the RBNZ monetary policy meeting due later. Prior surveys expect the central bank to leave the repo rate unchanged at 2.5%...
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