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Forex: AUD/USD capped below key Fibo level at 1.0360

FXstreet.com (Barcelona) - AUD/USD is last at 1.0345, off recent session and weekly highs at 1.0360. The pair stalls at the 38.2% Fibo retrace of latest down leg from April 11 highs at 1.0580, ahead of private credit sector data in Australia at 01:30 GMT. The pair is up +0.61% so far for the week.

“The hourly chart shows a strong 20 SMA below current price, although indicators diverge from price action, heading lower and approaching their midlines after retracing from overbought levels,” says Valeria Bednarik, Chief Analyst at Fxstreet.com. “The lack of retracement in price however, and the upward momentum seen in the 4 hours chart however, favors further gains in the pair, eyeing now key resistance around 1.0410,” the analyst adds.

Valeria finds support levels at: 1.0335, 1.0310 and 1.0260, while resistance levels at: 1.0380, 1.0410 and 1.0440.

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Forex: EUR/JPY closes slightly higher as recent trading range continues

The EUR/JPY traded in a narrow range, but managed to close the day slightly higher up 32 pips at 128.09. Earlier in the session Industrial Production (-7.3% actual vs. -7.2% estimate) and Retail Trade (-0.3% actual vs. 0.5% estimate) were both released, with very little reaction to the numbers and the pair currently up 13 pips at 128.22.
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