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FX Analysis – USD whipsaws , AUDNZD hits new lows, Gold holds key support

From gomarkets.com

USD was ultimately flat in Thursdays session after a rollercoaster of a ride, DXY printed a low in the European session of 103.43 before rallying up to the 100 Day SMA at 104.10 after better than expected US Jobless claims. Flash PMIs for February were mixed with a fall in Services but a rise in Manufacturing, DXY heading into the APAC session just below the 104 level. {chart} JPY was softer vs the Dollar with USDJPY holding above the psychological 150 level which has become a short term support level. Comments from BoJ Governor Ueda saying that Japan’s trend inflation is heightening and the BoJ will make appropriate ... (full story)

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  • Category: Technical Analysis