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AUD/USD continues to ease off highs

FXstreet.com (New York) - The AUD/USD foreign exchange rate has continued easing during US trading, falling off of earlier highs that peaked at 0.9347 Wednesday.

AUD/USD resistances prove formidable to upside

After shedding over 50 pips from an earlier steadfast performance, the AUD/USD is now trading at just 0.9280, still operating positively at a +0.22% gain in these moments. Earlier resistances at 0.9312 and 0.9355 proved too much for the pair to stabilize above, and as such these levels will look to test any intraday upside. On the decline, or in the event of a continued easing, the AUD/USD will encounter supports at 0.9212, then 0.9155, and 0.9112, calculates the Mataf.net analyst team.

AUD/USD continued consolidation likely

According to Karen Jones, an Analyst at Commerzbank, “The AUD/USD is consolidating, following its move to its initial downside target of 0.9150/47, this is the 38.2% retracement of the move from 2008 to 2011. We suspect that we will see some consolidation above here.”

EUR/USD static at the 1.3000 barrier

The EUR/USD technical pair has been trading sideways at the 1.3000 region Wednesday during US trading, refusing to relinquish its temporary hold on this level.
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USD/JPY rangebound above 97.00

As the dip triggered by the US GDP data was only temporal, USD/JPY managed to erase intraday losses during the American afternoon.
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