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AUD/USD breaks above 0.7820 and trades at April's high

FXStreet (Tokyo) - The AUD/USD is trading at highs since March 26 after extending its rebound from 0.7770 and breaking above a previous high of 0.7820.

The advance is due for a cocktail of elements as the USD is under pressure amid weak US economic data; while the commodities prices are supporting the Aussie. Currently, AUD/USD is trading at 0.7840, up 0.47% on the day, having posted a daily high at 0.7845 and low at 0.7770.

The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.

AUD/USD forecast

If the pair consolidates above 0.7820, the AUD/USD will find next resistances at 0.7850 and 0.7880. To the downside, supports are at 0.7820, 0.7800 and 0.7770.

FTSE erases gains, Miners disappoint

The London’s Ftse index has erased gains to trade largely unchanged for the day at 7061.50 levels, as Mining stocks turned negative.
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EUR/USD in highs near 1.0850

The shared currency remains on a firm footing on Friday, with EUR/USD approaching the mid-1.08s, or daily highs....
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