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Forex: AUD/JPY, clean break above 96.80 allows 97.40

The AUD/JPY is again not far from threatening trend highs at 97.40, first printed on Feb 5, as price keeps pressing against 96.80/90, key intraday resistance. "Clearing this should put focus on the 97.40 high, above which we have yet a more clear picture of bullish continuation" notes Fan Yang, chief technical at FXTimes.

Mr. Yang expands: "Taking a closer look from the 1H chart, we see that the RSI has tagged 70 and held above 40 during the breakout process. However, it has not returned back above 60 as the market consolidates in this time-frame, still deciding whether to extend the breakout. A push above 60 should reflect bullish continuation in this time-frame."

Forex: USD/JPY awaits BoJ around 93.50

USD/JPY is currently at 93.48, off fresh session highs at 93.64, after another sample of verbal inverention, this time coming from potentially BoJ incoming new chief Mr. Iwata, making the pair bounce from session lows around the 93.13. Nikkei index also jumps to session highs around the 11300 points, up +0.41% for the day so far. Later on will come key risk even of recent weeks in the form of BoJ monetary policy statement, expected around 03:30 GMT.
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Forex Flash: USD/CAD at risk of retesting parity - TDS

After the print of a bearish engulfing bar on Tuesday, the USD/CAD, as described in the words of Shaun Osborne, Chief FX Strategist at TDS, "has got some issues to deal with in the short run at least." The analyst believes that short-term support at 0.9990/95 may now be at risk. Resistance remains 1.0050 and 1.01, Shaun says.
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