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EUR/USD extends the recovery to 1.3270

FXstreet.com (Edinburgh) -The EUR/USD is now recovered the positive ground on Tuesday, hovering over 1.3265/70 after dropping to the vicinity of 1.3230.

EUR/USD posed to challenge session highs?

The pair remains on the right track for a test of weekly peaks in the boundaries of 1.3280 (Monday) as the risk appetite continues to increase its presence amongst investors. “Broadly speaking, we continue to view the broader trend for EUR/USD as lower, and while there is scope for a small squeeze higher, the upper 1.32s appear to be a decent selling opportunity”, recommended G.Moore and S.Osborne, FX Strategists at TD Securities.

EUR/USD levels to watch

As of writing the pair is up 0.04% at 1.3261 and a break above 1.3281 (high Sep.9) would aim for 1.3289 (MA30d) and then 1.3298 (low Aug.22). On the flip side the next support aligns at 1.3217 (MA10d) ahead of 1.3157 (low Sep.9) and finally 1.3104 (50% of 1.2755-1.3453).

Flash: AUD/USD poised to extend gains – Westpac

The AUD/USD looks set for further gains near term, with the Fed unlikely to be aggressive in reducing QE, commodity prices resilient as Chinese growth stabilizes and the RBA seemingly not rushing to deliver another rate cut, suggests Sean Callow, a Global FX Strategist at Westpac.
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USD/CAD trims daily losses

The USD/CAD trimmed intraday losses during the New York session after the latest bearish attempt lacked momentum to break below the 100-day SMA.
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