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Forex: AUD/USD in highs around 1.0365/70

The Aussie dollar is testing session highs in the area around 1.0365/70 on Friday, a markets are biased towards risk-on tone so far.

Strategists G.Berry and G.Yu at UBS remain bearish on the cross, adding, “Any upside in the near-term appears to be limited. Resistance at 1.0413/57 should hold. Support is at 1.0305 ahead of 1.0227”.

At the moment, the pair is up 0.05% at 1.0365 with the next resistance at 1.0373 (high Feb.14) ahead of 1.0400 (high Feb.6) and then 1.0407 (MA100d).
On the downside, a breach of 1.0343 (MA10d) would expose 1.0326 (low Fe.14) and finally 1.0315 (MA200d).

Spain Consumer Price Index (YoY) down to 2.7% in Jan; -1.3% (MoM)

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