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Forex: USD/JPY fails to take 99.00 overnight

FXstreet.com (Barcelona) - Having failed in its attempt to hold above 99.00 yesterday, USD/JPY declined overnight, to find support around 98.70.

The pair edged fractionally above the round number during the Asian session but gently declined into the European open, to post a morning low at 98.64, just below daily S1 support at 98.66. Hourly MA´s have a broadly downside bias, while Stochastics are at 33, having crossed on the border of oversold. Hourly RSI sits at 44 and remains within a range that has held for the past couple of days.

Forex: NZD/USD holds onto majority of gains at 0.8451/58

The NZD/USD has certainly traded higher beginning with overnight trading Thursday with the release of upbeat economic data and a general recover off yesterday’s setbacks. The kiwi has been given new life during, though is trading unevenly during European trading in recent moments. While the cross is recording a steadfast gain of +0.63% in these moments at 0.8451/58, it is well off its highs as well (0.8483).
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Forex Flash: Expect EUR/USD to test upside resistance - OCBC Bank

Emmanuel Ng of OCBC Bank notes that in the near term, with background positivity attached to the common currency, investors should expect EUR/USD to test towards resistance around 1.3200/30, with support below at 1.3100.
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