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Forex: NZD/USD cannot hold 0.8300 level, eases off highs

FXstreet.com (Barcelona) - The NZD/USD has been entrenched in positive territory, attempting to rebound after an ugly start of the week yesterday. With the pair moving steadfastly towards the 0.8300 barrier Tuesday, the rally was capped at the 0.8303 (intraday high), whereby proving unstable at this region. Since then, the pair has eased back to 0.8280/83, still up +0.35% thus far during European trading.

According to the Mataf.net analyst team, an extended NZD/USD rise will meet calculated resistance at 0.8321, onto 0.8364, and finally 0.8410. Alternatively, a paring of recent gains will drive the cross towards supports at 0.8232, then 0.8186, ahead of 0.8143.

Overnight in New Zealand, Retail Sales (QoQ) came in at +0.5% in Q1, vs. projections calling for a growth of +0.8%. Moreover, Retail Sales ex Autos (QoQ) climbed only +0.6% in Q1, missing expectations of +0.7%.

Forex: USD/CAD retreats off highs to test the 1.0100 level

The USD/CAD has operated in an extremely narrow 22-pip consolidation Tuesday (1.0088 – 1.0110), unable to break in either direction during European trading. In recent minutes, the cross has retreated off its highs to retest the 1.0100 level, operating presently at a slight loss of -0.05%.
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Forex Flash: Yields signaling end of bull market in Japan? – Deutsche Bank

The recent price action in JGBs is probably worth tracking given the recent extreme policy changes there. The 10-year yield started the year at 0.79%, fell to a low 0.44% soon after the BoJ announcement and is now back up at 0.79%.
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