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Forex: AUD/USD: Aussie reaches 6-month high at 0.7385

FXstreet.com (Barcelona) ? The Aussie has posted a 140 pips rally on early European session rising from 0.7230 levels trough 0.7300/25 resistance area to hit 0.7385, the highest level since October 6. At the moment, the Aussie trades at 0.7266 ; 1.70% above its opening price.On the upside, next resistance levels remain at 1.4385/4400 area, and above here, 1.540. Support levels lie at 0.7325 and 0.7300.According to the E-Forex Team, the Aussie is on the upside and potential pullbacks will

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Forex: USD/JPY: Dollar hits resistance at 98.50/60 level and turns down

FXstreet.com (Barcelona) ? Dollar attempt to return to yesterday?s levels has been aborted and after bouncing from 97.90 intra-week low, the Dollar has been unable to break through 98.50/60 resistance area and the pair returns to levels close to 98.00.Despite the failure to break 98.60, Carol Harmer, technical analyst at Charmer Charts.com advances the possibility of another assault to the mentioned level: ?Sellers will be ready at 98.60 and buyers always hopeful of dodging through the wave of sellers to

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Forex: GBP/USD: The Pound climbs to 1.5090/15100 area after ADP report

FXstreet.com (Barcelona) - The Sterling has reversed previous losses and has bounced up from 1.5000 to reach levels close to resistance area at 1.5090/15100 after U.S. ADP report released a lower than expected employment destruction in April.In case of breaking above 1.5100, next resistance levels could be at 1.5160 (May 5 high), and 1.5190. On the downside, support levels lie at 1.5065 (Apr 16 high), and below there, probably on the 1.4990/1.5000 area.GBP/JPY has rocketed more than 160 pips

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EUR/USD Moves Higher as Equities Rally

(CEP News)- The euro is making some gains as stronger global equity markets are helping to weaken the U.S. dollar.The euro has trended steadily higher through the Asian and European trading sessions and has broken through key resistance levels of 1.2700. Some currency strategists are expecting gains to be capped at around these levels as negative sentiment can still be felt in markets.Although the euro is moving higher against the greenback, it is unable to find any momentum against the

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GBP/USD: Pound pulls back below 1.4900

FXstreet.com (Barcelona) ? The Pound has reached 1.4935 intra-day high on its rally from 1.4760, and the Pound has eased afterwards to levels right below 1.4900 ahead of the U.S. session opening. At the moment, the Pound trades at 1.4885; 0.72% above its opening level.On the downside, the Pound might find support at 1.4955/70 area and below there, 1.4820 and 1.4765. On the upside, resistance levels might lie at 1.4935/50 and 1.5065 (Apr 16 high).According to Nicole Elliott, a weekly

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Forex: GBP/USD: Pound, in range between 1.5100 and 1.5155

FXstreet.com (Barcelona) ? The Sterling has been consolidating above 1.5100 during most of the Asian session, after climbing from levels above 1.500 during Wednesday?s U.S. session.On the upside, the Pound has found resistance at 1.5155/60 (intra-day high/ May 5 high), and above there, next resistances could be at 1.5190 and then 1.5370 (Jan 8 high). On the downside, initial support remains at 1.5095, and below there, 1.5065 (Apr 16 high) and 1.4980/90 (May 6 low).GBP/JPY has taken back during Asian

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Forex: USD/JPY: The Dollar reaches levels above 99.00 after ADP

FXstreet.com (Barcelona) ? The Dollar has strengthened after better than expected ADP figures, and USD/JPY has jumped from 98.25 to a new intra-day high at 99.08. At the moment, the Dollar struggles with resistance level at 99.00/10.In case of breaking above 99.00/10, the Dollar might find resistance at 99.65 (Mar 4 high) and than at 100.00. On the downside, support levels remain at 98.50/60 and below tthere, 98.25 and 98.00.For more information, read our latest forex news.

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Forex: EUR/USD: Euro drops below 1.3930 to a intra-day low 1.3890

FXstreet.com (Barcelona) - The Euro has broken below support level at 1.3990 reaching a fresh intra-day low at 1.3890 to pick up afterwards to levels right above 1.3900.Immediate support level lies at intra-day low 1.3890 and below there 1.3855 (May 26 low), and 1.3820/40 area. On the upside, first resistance level could lie at previous intra-day low 1.3930 and if the Euro manages to rise above there, next resistance could lie at 1.3985/1.4000 area, and above here, 1.4025.For more information,

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