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Forex: USD/CAD eyes 1.0040 as risk aversion sharpens

FXstreet.com (Barcelona) - The incipient risk aversion is fuelling the USD upside at the moment, lifting the cross from the vicinity of 1.0015 to the current levels just shy of 1.0040 on Thursday and printing fresh session highs at the same time.

“Odds favour another leg higher for CAD on the key crosses in the wake of a likely stronger jobs prints later this week but suspect we may see at least some interim consolidation given how well CAD has travelled against the likes of AUD, NZD and CHF in the last 3 weeks (+5%). USD/CAD a sell into 1.0150 if seen”, recommended Sean Callow, Strategist at Westpac.

At the moment, the cross is up 0.10% at 1.0037 with the next resistance at 1.0059 (high May 8) ahead of 1.0080 (MA10d) and then 1.0083 (high May 7).
On the flip side, a dip beyond 1.0014 (low May 9) would bring 0.9995 (high Feb.5) and finally 0.9971 (low Feb.8).

Forex: EUR/JPY – A Triple top and highs 130.44

The EUR/JPY hasn’t been able to breach the yearly highs for a third time in a row this week, with failed attempts on Monday, Tuesday and again yesterday.
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Forex: AUD/USD eases to 1.0219/21

The AUD/USD shot up overnight following what was a highly optimistic data release for Australia. However, the European session has been classified by retracement for the pair, leading to a general easing off intraday highs (1.0256) back to 1.0219/21 in these moments. Despite this easing however, the cross is still securing an advance of +0.51% above its opening.
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