Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – AUDUSD: In recent weeks we’ve written in favor of Australian Dollar strength amid sentiment extremes and a shift in positioning. This week is little different except to note that the Aussie currency faces a key test at year-to-date peaks near $0.9450. Only a break below key support near $0.9315 and a change in retail positioning would change our trading bias.
See next currency section: GOLD - Gold Targets Fresh Peaks amid Key Shift
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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