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Australian Dollar Soars as RBA Drops Call for Depreciation
Oil Consolidates After Brent Collapse to Six-Month Low
AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention
SPX 500 Technical Analysis: Down Move Ready to Resume?
Crude Oil Technical Analysis: Sellers Breach 50.00 Figure
Gold Technical Analysis: Price Action Still Stuck in Range
USDCAD Posts 3rd Highest Volume Day in 2015 As Oil Plunges
FX Reversals: GBPUSD News Breakout
FX Reversals: EURUSD Support Update
SSI: Positions Steady on Quiet Start to the Week
SSI: USD/CAD Positioning Better USD Sentiment Indicator than EUR/USD
SSI: Crowds get Heavily Short Euro once again as USD Sells Off
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GBPUSD – Retail forex traders have bought steadily into British Pound weakness, and a contrarian view of crowd sentiment acts as signal that the GBP/USD may continue lower. Continued failure to break above $1.5650 leaves the next near-term target at support in the $1.54-1.55 range, and we’ll remain bearish until we see a material shift in FX sentiment.
See next currency section:USDJPY - US Dollar Expected to Gain Further versus Japanese Yen
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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