U.S. Markets open in 7 hrs 35 mins

Australian Dollar may have Set Tradable Top

David Rodriguez
ssi_aud-usd_body_Picture_23.png, Australian Dollar may have Set Tradable Top

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


Australian dollarRetail FX traders remain short the Australian Dollar versus its US namesake, but a recent shift towards buying warns of a potentially important AUDUSD turn.


Trade Implications – AUDUSD: Past performance is NOT indicative of future results, but our SSI-based Momentum2 strategy has done well trading the AUDUSD. It most recently sold the Australian Dollar from $0.9654 as crowds bought into weakness. Our Senior Technical Strategist underlines the risk of an important turn lower in the AUDUSD, and a break below $0.9510 would help confirm a key top.


--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com



ssi_aud-usd_body_Picture_24.png, Australian Dollar may have Set Tradable Top

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 https://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX


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.