Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Risk of Australian Dollar Turnaround is Real - but When?

By , Quantitative Strategist
25 July 2013 14:45 GMT
ssi_aud-usd_body_Picture_17.png, Risk of Australian Dollar Turnaround is Real - but When?

AUDUSD – Retail forex trading speculators continue to buy into Australian Dollar weakness, and we see little choice but to call for further AUDUSD declines.

Trade Implications – AUDUSD: We once again tried calling for an Australian Dollar turnaround last week, and we were once again forced to reconsider as the AUDUSD got slammed right back down. What now? The recent build in crowd long positions leaves us in favor of continued Aussie depreciation.

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

ssi_aud-usd_body_Picture_9.png, Risk of Australian Dollar Turnaround is Real - but When?

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 http://www.twitter.com/DRodriguezFX

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

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

25 July 2013 14:45 GMT