Australian Dollar Still Looks like a Sell


View photo

ssi_aud-usd_body_Picture_19.png, Australian Dollar Still Looks like a Sell

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

Australian dollarRetail forex trading crowds remain heavily long the Australian Dollar, and a contrarian view of crowd sentiment leaves us in favor of further AUDUSD weakness.

Trade Implications – AUDUSD: The Australian Dollar recently hit its worst consecutive weekly decline since 1986, and such incredibly one-sided price action leaves clear risk of short-term reversal. Yet we’ll need to see a much larger shift in crowd sentiment before calling for a meaningful Aussie Dollar bounce.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_aud-usd_body_Picture_20.png, Australian Dollar Still Looks like a Sell

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)