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Forex: USD/CAD intensifies the downside

FXstreet.com (Barcelona) - The Canadian dollar is extending its strength at the beginning of the week, dragging the cross below 1.0150 as the greenback continues to trade on the back foot.

“Support is at 1.0128, a break below this would extend the weakness to 1.0084 and 1.0071. Resistance is at 1.0214 ahead of 1.0294”, suggested G.Yu and G.Berry, Strategists at the Swiss lender UBS.

As of writing, the cross is losing 0.24% at 1.0143 with the next support at 1.0084 (low Apr.11) followed by 1.0076 (MA100d) and then 1.0055 (low Feb.18).
On the upside, a break above 1.0214 (high Apr.26) would bring 1.0230 (MA10d) and finally 1.0258 (high Apr.25).

Forex: NZD/USD rise stalled by April high at 0.8562

Commodity currencies are benefiting from stronger risk sentiment today and the NZD/USD is the perfect example. The cross breached through the 0.8500 mark and has just printed a high at 0.8560. At the moment of writing, the market is quoting at 0.8550, +0.81% on the day.
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Forex Flash: USD on the back foot - Societe Generale

Kit Juckes, Global head of Currency Strategy at Societe Generale notes that USD is on the back foot this morning following last weeks disappointing US GDP number.
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