Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Australian Dollar at Risk of Further Declines

Australian Dollar at Risk of Further Declines

David Rodriguez, Head of Product

Share:

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

AUDUSD –Retail FX traders remain aggressively long the Australian Dollar versus its US namesake, and as long as this remains the case we will maintain our contrarian calls for continued AUD weakness. A failure to finish above key support at the $0.7400 level would keep focus on key lows near $0.7250.

See next currency section: NZDUSD - New Zealand Dollar May have Set Significant Low

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

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES