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Brent: Below $73.70, there is a risk of persistence in decline – Société Générale

Brent has experienced a steady pullback after failing to establish above the 200-DMA in January, Société Générale's FX analysts note. 

Below $68.70, next objectives are at $66.80 and $65.70/65.50 

"It has retested the low of last September at $68.70. A brief rebound has materialized however the peak achieved earlier this month at $73.70 could be a short-term resistance. If Brent fails to overcome this hurdle, there would be risk of persistence in decline. Below $68.70, next objectives could be located at projections of $66.80 and $65.70/65.50."

USD/CAD Price Forecast: Trades cautiously near 1.4350 as Fed policy takes centre stage

The USD/CAD pair struggles to gain ground near the three-day low of 1.4360 in European trading hours on Monday.
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NZD/USD: Upward momentum is building again – UOB Group

Increase in momentum suggests potential for NZD to continue to advance; it is unclear whether it can break and remain above the 0.5765/0.5775 resistance zone.
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