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Forex: EUR/USD in fresh highs above 1.3070

FXstreet.com (Barcelona) - The shared currency is posting fresh session highs just below 1.3080 on Thursday, taking advantage of the increasing risk appetite in the global markets.

“However euro upside potential in the near-term is being dampened against the major currencies by increasing expectations of further ECB monetary easing at next week’s meeting following evidence of renewed slowdown in the German economy in early Q2”, suggested Lee Hardman, Currency Analyst at BTMU.

As of writing, the cross is advancing 0.41% at 1.3069 facing the next hurdle at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19).
On the downside, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and finally 1.2944 (MA200d).

Forex: USD/CAD tumbles to session lows at 1.0221/26

The USD/CAD took a nasty spill off the 1.0243 handle earlier today, falling 20 pips during European trading to settle near session lows at 1.0221/26 in these moments. At this point, the cross is firmly entrenched in negative territory, down -0.27%.
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Forex Flash: AUD/USD directly offered and targeting 0.9845/38 – Commerzbank

The AUD/USD is recovering just ahead of initial support at 1.0216/04 (78.6% retracement and the 11th March low) after the selloff. “This has held the initial test (we note the hammer charted a couple of days ago) and this is also considered to be the last defense for the 1.0116 recent low”, wrote analyst Karen Jones, adding that the market is directly offered below its 200 day ma at 1.0397 and initial resistance lies at 1.0358, the high charted on Friday 19th April. “While capped here, the market will remain directly offered”.
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