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Forex: USD/MXN bouncing off lows after Mexican data

The Mexican peso found selling interest despite the better data from the Mexican industrial production during January, expanding 1.1% MoM and 1.7% on a yearly basis, beating both expectations (0.50% and 1.45%) and previous prints (-2.1% and -1.1%). After appreciating to the area of 12.4200 vs. the greenback, the MXN slipped back to the current area of 12.4560/70 in the wake of the data.

The cross is now losing 0.62% at 12.4548 facing the next support at 12.4100 (low Sep.11 2011) while resistance levels line up at 12.6953 (MA10d) and then 12.7900 (high Feb.8).

Forex: USD/CAD bounces at 1.0250

Following a negative movement from 1.0280, the USD/CAD found support at 1.0250, Monday March 11 bottom. At this point, the pair bounced to test the new resistance of 1.0270. Currently the pair is trading at 1.0260, almost flat on the day.
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Forex: EUR/USD pullback holding at 1.3020

The EUR/USD is being pulled back after the rise to 1.3074 high ahead of the NY opening. The market eased to 1.3020, so far, and is currently holding there in order to avoid a slide down to the 1.3000 psychological level again.
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