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Forex: USD/CAD falls to 2-week low

FXstreet.com (Córdoba) - Commodity currencies are outperforming on Monday underpinned by the positive market's mood and rising stocks in Europe and the US.

Against this backdrop, USD/CAD extended its slide during the NY session, and having broken below the 1.0130 support zone, it recently hit a low of 1.0113 before finding support. At time of writing, USD/CAD is trading around 1.0120, 0.5% below its opening price.

As for technical levels, if the CAD manages to drag the cross below 1.0100, next supports are seen at 1.0182 (low Apr 11) and 1.0170 (100-day SMA). On the upside, resistances could be found at 1.0170 (daily high) and 1.0200 (psychological level).

Forex: EUR/USD treading water around 1.3090/1.3100

The euro remains anchored to the area of 1.3080/1.3100 on Monday, propped up by the risk-on tone that prevailed throughput the markets after the positive outcome from the Italian elections over the weekend...
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Forex Flash: Japan's industrial production to advance for third month - RBS

The Japanese Ministry of Economy, Trade and Industry is scheduled to publish the March's Industrial Production report on Monday 23:50 GMT (Tuesday 8:50 Tokyo time). Market consensus is to watch a 0.4% increase between February and March, but the RBS' analyst team is more optimistic as they see a 0.5% rise in the monthly figure.
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