Trade FOREX with FXCM

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

Resources

Australian Dollar Rally at Clear Risk on Two Factors

By , Quantitative Strategist
17 April 2014 14:00 GMT
ssi_aud-usd_body_Picture_6.png, Australian Dollar Rally at Clear Risk on Two Factors

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

Australian DollarThe Australian Dollar remains resilient versus the US Dollar, but signs of an important shift in sentiment as well as a key cyclical turn window warn of a potential AUDUSD top.

Trade Implications – AUDUSD: Retail crowds most recently turned net-short the AUDUSD as it traded above the $0.9200 mark, and fairly consistent selling has kept us consistently in favor of Aussie Dollar strength. Yet long interest has risen a notable 12 percent since last week as the AUD stalls at highs. The significant cyclical turn window suggests a turn could come through the foreseeable future.

See next currency section:EURUSD - Euro Remains in the Driver's Seat versus US Dollar

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

ssi_aud-usd_body_Picture_7.png, Australian Dollar Rally at Clear Risk on Two Factors

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

17 April 2014 14:00 GMT