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Forex: USD/CHF takes a breather

FXstreet.com (Córdoba) - The US dollar is taking a breather, consolidating its recent gains versus the franc, after reaching an 8-month peak of 0.9588 during the European session.

USD/CHF rallied over 230 pips within the last sessions as the greenback soared across the board, and it is currently trading around 0.9565, where it records a 0.9% daily gain.

In terms of technical levels, the Mataf.net analyst team locates next resistance levels at 0.9590, 0.9610 and 0.9650, while they see supports at 0.9535, 0.9465 and 0.9405.

Forex Flash: ECB cut rates despite MRO rate being on track – Goldman Sachs

The ECB has traditionally adopted a medium-term oriented approach to monetary policy that looks through higher frequency volatility in conjunctural indicators. According to the Economics Research Team at Goldman Sachs, “Given our analysis of the data, the ECB’s May MRO rate cut may come as a surprise, since the underlying assessment of the immediate outlook has not changed much since November.”
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Forex: AUD/USD testing parity

The AUD/USD has weakened broadly against the US Friday, having been driven down to parity during the American session. In recent minutes, the movement finally culminated with a drop down to the 0.9987 level (session low), however in these moments the cross is testing parity.
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