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AUD/USD:The ratio of long to short positions in the AUD/USD stands at 1.36 as nearly 58% of traders are long.

Thursday, 29 November 2007 17:59:48 GMT

Written by David Rodriguez, Currency Analyst

 

AUD/USD Ratio: 1.37  
Signal: Bearish

 

Currency     Last Week     %Long     %Change in positions Outstanding

AUD/USD       1.35                 58%             39.7%

ssiaud11-29-07

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.36 as nearly 58% of traders are long. Yesterday, the ratio was at 1.35 as 58% of open positions were long. In detail, long positions are 2.4% lower than yesterday and 24.5% stronger since last week. Short positions are 3.2% lower than yesterday and 39.7% weaker since last week. Open interest is 2.7% weaker than yesterday and 24.6% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.

Written By David Rodriguez, Currency analyst for DailyFx.com

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