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SSI Positioning for Australian Dollar

Thursday, 17 July 2008 13:46:59 GMT

Written by John Kicklighter, Currency Analyst

AUD/USD Ratio: -2.24
Signal: Bullish

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -2.24 as nearly 69% of traders are short. Yesterday, the ratio was at -2.29 as 70% of open positions were short. In detail, long positions are 4.7% higher than yesterday and 27.8% stronger since last week. Short positions are 2.6% higher than yesterday and 37.4% stronger since last week. Open interest is 3.2% stronger than yesterday and 26.7% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

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