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Forex: AUD/USD extends its upside

FXstreet.com (Barcelona) - The Aussie dollar is inching higher on Monday, regaining the 1.0300 mark and currently hovering over 1.0325/30 on increasing risk-on tone.

Against the backdrop of the RBA gathering next week, analyst Adrian Foster at Rabobank commented, “Analyst s favour on hold with a probability of 76% and looking at the Future market, market pricing is 63% in favour of hold. There can be much larger divergences between the two than that so I rate them as pretty consistent with each other and the net message of the two signals the ‘market’ is 70% in favour of the RBA on hold at next week’s meeting”.

At the moment, the cross is up 0.45% at 1.0328 with the next resistance at 1.0339 9high Apr.25) ahead of 1.0344 (MA55d) and finally 1.0358 (high Apr.19).
On the flip side, a breach of 1.0263 (low Apr.26) would expose 1.0232 (low Apr.24) and then 1.0221 (low Apr.23).

Forex: USD/CHF held at Friday’s low, at 0.9402

The psychological level has been able to hold the downside pressure. The USD/CHF found support at 0.9402 low today, retesting yesterday’s support. The pair is trading lower on the day, below its opening price of 0.9325, quoting at 0.9406 (-0.20% on the day).
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Forex Flash: G10 currencies head off on different paths - OCBC Bank

Emmanuel Ng of OCBC Bank notes that G10 currencies took differing paths on Friday with JPY strengthening across the board after the slightly disappointing BoJ meeting outcome where there were indications of waffling over the 2% inflation target internally.
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