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AUD/USD climbed near 0.7240 as Middle East tensions and stronger US jobs data shaped market sentiment.
AUD/USD rebounds near 0.7220, stays bullish above key EMAs; resistance 0.7277, support 0.7195-0.7170.
USD/CAD edges up near 1.3635 as oil weakens CAD; bearish below 1.3740, supports 1.3548.
AUD/USD climbed near 0.7240 as Australia posted a surprise March trade deficit and Middle East tensions eased.
Australia’s March trade balance flipped to $1.84B deficit as exports fell and imports surged, pressuring AUD/USD.
Australia’s March trade balance unexpectedly swung to a A$1.841B deficit, missing forecasts for a A$4.25B surplus.
Australia’s exports fell 2.7% in March, reversing February’s 4.9% gain, signaling a month-on-month decline.
Australia’s imports jumped 14.1% in March after a 3.2% decline in February, signaling a sharp rebound.
Australia’s March trade surplus hit 1,841 million, missing forecasts of 4,250 million by 2,409 million.
AUD/USD holds near four-year highs as risk appetite, lower oil and RBA hike bets offset trade risks.
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