Australian Dollar Likely to Continue Lower


View photo

ssi_aud-usd_body_Picture_18.png, Australian Dollar Likely to Continue Lower

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

Australian dollar – Retail FX traders remain heavily long the Australian Dollar against the US Dollar, an d a contrarian view of crowd sentiment leaves us firmly in favor of continued AUD weakness.

Trade Implications – AUDUSD: Our purely sentiment-based Momentum2 strategy has done well selling into Aussie Dollar weakness versus the Euro, and indeed it now remains long EURAUD from A$1.5471. It has admittedly done less well trading the AUDUSD as of late, but one-sided forex sentiment and a bearish technical forecast leaves us in favor of further Aussie Dollar weakness.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_aud-usd_body_Picture_19.png, Australian Dollar Likely to Continue Lower

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)