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AUD/USD unable to hold above 0.7800

FXStreet (Córdoba) - AUD/USD is trading flat on Friday, currently hovering around 0.7785, after finding support at 0.7770.

During the Asian session the pair bottomed at 0.7763 but then bounced to the upside, and climbed to 0.7818, hitting the strongest level since Monday but the aussie failed to hold above 0.7800 and pulled back.

Flat for the day and the week

The pair is trading around the same level it closed a week ago and so far it traded all week within the price range of the previous week, consolidating near April highs. AUD/USD was unable to break above 0.7840 while to the downside it found support at 0.7670.

EUR/JPY turns negative below 129.50

EUR/JPY bounced-off fresh two-week lows and erased entire gains during the European session after news cross the wires that Euro group leaders stated that chances of Greece reforms closures remain slim and that the reforms list seems incomprehensive.
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EUR/USD downtrend still in play, might see 1.04 over 12M – Rabobank

Despite EUR/USD having seen higher levels since morning, the pair still remains trapped in a sideways range, notes Jane Foley, Senior Currency Strategist at Rabobank, and further forecasts the pair at 1.04, over a 12month view.
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