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Forex: USD/CHF bouncing from 0.9450

FXstreet.com (Barcelona) - After going as high as 0.9499 yesterday, the market stabilized just below 0.9475, and from there, stops pulled the USD/CHF down to 0.9450. The pair is currently trading at 0.9462 (-0.08%).

Excluding today’s UK GDP data, the economic calendar is pretty empty with Spain unemployment data only. Portugal and Italy are on holiday.

“We target 0.9595/0.9609 January 2012 high and the 61.8% retracement of the move down from the 2012 peak, which is expected to act as the break point to the 200 week ma at 0.9650”, wrote Commerzbank analyst Karen Jones, pointing to longer term target at 0.9972, the 2012 peak.

Forex: USD/JPY falls and tests 99.00 mark

Yesterday’s peak was made at 99.77 but the USD/JPY was supported by the 99.25 area. However, such area gave in today as the pair eased below 99.50 in order to touch the 99.00 mark as investors get ready for the European opening. The market has bounced to 99.15, for now.
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Forex: AUD/USD retraces from highs

The Aussie dollar is trading in the positive ground on Thursday, gyrating around the key support at 1.0300 after hitting fresh intraday highs in the proximity of 1.0320 overnight....
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