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  1. #1231
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    USD/CAD prints fresh daily highs




    FXStreet (Córdoba) - The USD/CAD rose to fresh daily highs at the beginning of the American session following the Chicago Fed National Activity Index, although it lacked follow-through to stage a steepest rally.

    The USD/CAD climbed to a peak of 1.1029, surpassing its Friday's high, and it was last at 1.1025, virtually unchanged on the day. On the upside, the 1.1045 area, April top, stands as immediate resistance to clear.

    USD/CAD technical perspective

    "We think USD/CAD has done enough to steady and improve going forward from a medium-term technical point of view and feel that a firm base is developing now below 1.0950. We look for a better bid tone to emerge for funds as North American trade picks up today", said the TD Securities analyst team. "USD-supportive US-Canada spreads in the belly of the curve suggest limited downside and more upside potential (towards 1.13) in the near-term. We think gains through 1.1060/70 will be supportive for the near-to-medium-term outlook for USD/CAD".



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  2. #1232
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    GBP/USD breaks below 1.6800 to daily lows





    FXStreet (San Francisco) - The Sterling is extending losses against the US Dollar as the GBP/USD just broke the 1.6800 in the American opening bell and now it's pricing at daily lows around 1.6790.

    Currently, GBP/USD is trading at 1.6793, flat on the day, having posted a daily high at 1.6821 and low at 1.6782.

    GBP/USD levels

    If the pair remains below the 1.6800 area, the GBP/USD would face supports at 1.6775, 1.6750 and then 1.6720. On the upside, resistances are at 1.6805, 1.6815 and 1.6840.



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  3. #1233
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    AUD/USD emerges to fresh highs





    FXStreet (Córdoba) - The AUD/USD gathered momentum and pushed to fresh daily highs early New York session, supported by a positive opening in Wall Street.

    The AUD/USD rose to a high of 0.9346, but the 100-hour SMA offered resistance forcing the pair to recede a tad. At time of writing, the Aussie is trading at the 0.9340 zone, up 0.15% on the day.

    AUD/USD technical outlook

    Valeria Bednarik, chief analyst at FXStreet notes the AUD/USD shows no directional bias in short-term charts but "the pair remains in control of bears after reaching 0.9460 early April, with scope to extend down to 0.9260 strong midterm support".

    Bednarik sees immediate support levels at 0.9320, 0.9290 and 0.9260, while she places resistance levels at 0.9355, 0.9390 and 0.9445.



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  4. #1234
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    USD/JPY treading water around 102.50





    FXStreet (Edinburgh) - The USD/JPY is now trading in a 102.50-102.60 narrow range, a bit lower than overnight peaks just beyond 102.70.

    USD/JPY boosted by data

    A much wider than expected trade deficit in the Japanese economy during March weakened the yen in the very first hours of trading, lifting spot to session highs above 102.70. A risk-friendly context also prompted the pair to escalate to higher levels. Moving forward to tomorrow’s Japanese docket, February’s Leading Economic Index will be the only event of note followed by US Existing Home Sales. “, we do expect the JPY to lose ground against USD, with USDJPY rising to 110 by June-end, mostly on reflection of diverging monetary policy outlooks between the two countries”, noted Shaun Osborne, Chief FX Strategist at TD Securities.

    USD/JPY significant levels

    The pair is now up 0.14% at 102.57 with the next hurdle at 102.71 (high Apr.21) ahead of 102.95 (100-d MA) and finally 102.99 (low Apr.7). On the downside, a break below 102.49 (daily cloud base) would target 102.40 (low Apr.21) en route to 102.33 (low Apr.18).



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  5. #1235
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    USD/JPY fails to sustain gains





    FXStreet (Córdoba) - The USD/JPY failed to sustain gains and pulled back from 2-week highs during the European session as the greenback weakened broadly as volume returns to normal after the long weekend.

    The USD/JPY peaked at 102.71 and retreated to a low of 102.40 before finding support and settling in a slim range where it has spent the last hours. At time of writing, the USD/JPY is trading at 102.52, a few pips below its opening price.

    In the macroeconomic domain, the US will release Feb housing price index and Mar existing home sales.

    USD/JPY technical levels

    In terms of technical levels, the USD/JPY could find immediate resistances at 102.71 (Apr 22 high), 102.89 (100-day SMA) and 103.00 (psychological level). On the downside, supports are seen at 102.41/37 (Apr 22 low/50-day SMA) and 102.00 (psychological level).



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  6. #1236
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    United States Existing Home Sales Change (MoM) up to -0.2% in March from previous -0.4%





    Read more in Forex News



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  7. #1237
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    US: Existing Home Sales down to 4.59M in March





    FXStreet (Łódź) - US Existing Home Sales were at 4.59M in March, down from 4.60M in February the National Association of Realtors informed on Tuesday. Analysts projected a 4.55M result.

    This is a change of -0.2% from last month.



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  8. #1238
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    The AUD/USD tears apart the 0.9370





    FXStreet (San Francisco) - The Aussie jumped above the 0.9370 following the latest set of upbeat economic data including housing and manufacturing index in the United States and the consumer confidence in the Eurozone.

    After rallying around 20 pips from 0.9355 in the latest few minutes, the AUD/USD broke above previous highs of 0.9370 and it has reached fresh daily highs at 0.9380. Currently, AUD/USD is trading at 0.9371, up 0.47% on the day.

    AUD/USD levels

    Above the 0.9380, the AUD/USD would face next resistances at 0.9390, 0.9425 and 0.9460. On the downside, supports are at 0.9320, 0.9310 and 0.9270.



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  9. #1239
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    The AUD/USD tears apart the 0.9370





    FXStreet (San Francisco) - The Aussie jumped above the 0.9370 following the latest set of upbeat economic data including housing and manufacturing index in the United States and the consumer confidence in the Eurozone.

    After rallying around 20 pips from 0.9355 in the latest few minutes, the AUD/USD broke above previous highs of 0.9370 and it has reached fresh daily highs at 0.9380. Currently, AUD/USD is trading at 0.9371, up 0.47% on the day.

    AUD/USD levels

    Above the 0.9380, the AUD/USD would face next resistances at 0.9390, 0.9425 and 0.9460. On the downside, supports are at 0.9320, 0.9310 and 0.9270.



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  10. #1240
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    USD/CAD soars to 2-week highs





    FXStreet (Córdoba) - The USD/CAD bounced to the upside from 1.1000, despite better-than-expected economic data from Canada and climbed to 1.1042, reaching the highest price since April 3. Currently trades at 1.1035/37, up 0.23% from today’s opening price.

    USD/CAD rebound sharply at 1.100

    After the release of the wholesale sales report of February in Canada, that rose 1.1% above the 0.7% expected, the USD/CAD fell to 1.1000, the lowest price since last Friday.

    When it was ready to break the trading range and the 1.1000 mark, that limited the price since the beginning of the week, reversed sharply and jumped. Price broke above 1.1030, the upper limit of the range and rose quickly to 1.1042.



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