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2 Apr 2015

Gold: Weak pullbacks are long opportunities - 2ndSkies

FXStreet (Bali) - Any weak pullbacks towards 1180 and 1190 may be good opportunities to long Gold , notes Chris Capre, Founder at 2ndSkies.

Key Quotes

"Short term we have a base in place as the few hours of buying eclipsed almost a day of selling, suggesting bulls have the momentum short term."

"Any weak pullbacks towards 1180 and 1190 may be good opportunities to long. Taking out the weekly highs will add further upside risk, while a daily close below 1178 puts increased bearish pressure on."
Apr 2, 2015

AUD/US: Fresh lows below 0.76, Aus trade figures non-event

AUD/USD value has continued to deteriorate in early Tokyo, with a sharp slide towards a new low of 0.7575 minutes before the Australian trade balance figures, which came very much in line with expectations, providing no catalyst to reverse the downward course.
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Apr 2, 2015

AUD selling persists, ECB's accounts in focus

The Australian Dollar ended as the worst performing currency during Thursday's Asian session, while the European complex (EUR, GBP) were the main winners.
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