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AUD/USD finds buyers at 0.7920

FXStreet (San Francisco) - After falling around 50 pips from 0.7975 in the American morning, the AUD/USD found buying interest at 0.7920 that helped the pair to recover to 0.7940.

Currently, AUD/USD is trading at 0.7935, up 0.18% on the day, having posted a daily high at 0.7977 and low at 0.7906. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

AUD/USD levels

If the pair extends its rebound, it will find next resistances at 0.7940, 0.7960 and 0.7975. To the downside, supports are at 0.7920, 0.7900 and 0.7850.

EUR/USD consolidates below 1.1400

The shared currency is closing another day of gains, with EUR/USD now inching higher towards the 1.1370/75 band...
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EUR/CHF level unjustified - BTMU

Analysts at The Bank of Tokyo-Mitsubishi UFJ, Ltd explained that the weakness of the euro and strength of the Swiss franc has drawn some concern from SNB Vice President Danthine who described the current EUR/CHF level as “not justified”.
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