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The Antipodeans remain top of G10 in early....>

FOREX
FOREX: The Antipodeans remain top of G10 in early Europe, Supported by the
spillover from a weaker dollar on Friday & the weekend release of strong Chinese
Industrial Profits data.
- Traders also highlighted month-end AUD demand from Australian exporters which
has seen AUDUSD consolidate above $0.7050 through Europe. Topside focus remains
on a break of $0.71 ($0.7097 - 50% $0.7206-0.6988), a break opens a run at the
100-dma at $0.7121.
- AUDJPY printed Y78.83 with bulls looking for a close above the 100-dma & 61.8%
retracement of the Nov-Jan fall at Y78.85/92.
- NZDUSD improved to $0.6681, before stalling ahead of Friday's high ($0.6682).
Expect resistance through to the handle, opening down trendline resistance off
the Mar 26 high at $0.6703, ahead of the 21 & 200-dma's at $0.6718/28. 

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