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GBP/USD upside could struggle near 1.5390 – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, believes bullish attempts in the pair to find resistance in the 1.5390 area.

Key Quotes

“Despite disappointing CBI data points and a wire poll indicating that expectations for the BOE liftoff have been pushed back to 2Q 16, the GBP-USD edged higher on the back of a vulnerable broad dollar”.

“Look to UK 3Q GDP numbers today for domestic cues and the pair may attempt to base out on any dips towards 1.5300 in the interim”.

“On the upside, the pair may pause on upticks towards the 55-day MA (1.5399)”.

AUD/USD meets fresh supply at 1hr 200-SMA

A renewed bout of buying in the AUD/USD lost pace near the hourly 200-SMA now located at 0.7258 and fell back in the red as subdued sentiment on the global equities continue to tarnish the demand for risky currencies.
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