US Dollar, Yen, and Australian Dollar Offer Attractive Trade Setups
- Those same strategies are likely to sell the Aussie Dollar and buy the British Pound
- Steady crowd sentiment gives us fairly clear trading biases on key pairs
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
A contrarian view of crowd sentiment has led our retail FX sentiment-based strategiesto go in the opposite direction and buy USDJPY, while the same systems are likely to continue selling into AUDUSD weakness.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.