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Forex Flash: AUD, NZD near term risks tilted to the upside - Westpac

FXstreet.com (Barcelona) - For AUD and NZD, "the near term risks appear tilted towards the upside, particularly with key commodity markets showing signs of stability" notes Jonathan Cavenagh, FX strategist at Westpac.

Mr. Cavenagh adds: "AUD/USD has found support despite the weaker CPI print and softer China data momentum. A break above 1.0300 paves the way for a move to 1.0360 but above 1.0400 is likely to be difficult to achieve. NZD/USD should still outperform though, with the respective central bank policy rates likely to be moving in NZ's favour over the coming 12 months. This will leave the market happy to stay short the AUD/NZD cross, although expect to see more support ahead of the 1.2000 level."

Forex: Massive structurally long positions in CHF may be in danger - FXWW

The Swiss Franc has been one of the worst performing currencies in recent trading, with the EUR/CHF resuming its upside momentum to a new 6-week high at 1.2342 - level threatened now as we type - while the USD/CHF has also been able to muster further gains to stall at the 0.95 round number.
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Forex: GBP/JPY breaks above 152 on Pound strength

GBP/JPY has finally broken above the 152 handle on combined Pound strength and Yen weakness, at the time BoJ Kuroda has been talking before parliament, and Nikkei index has knocked on the 13900 points mark for first time since the summer of year 2008.
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