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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


Australian Dollar Breakdown Looks like the Real Deal

Australian Dollar Breakdown Looks like the Real Deal

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AUDUSD The Australian Dollar is finally showing signs of real breakdown, and a significant build in crowd buying helps confirm the AUDUSD may trade to further lows.

Trade Implications – AUDUSD:The Aussie currency has frustrated us in trading within a tight range versus the US Dollar, but this breakdown shows sign of promise and leaves us looking for continued losses. It has now broken below its 200-day and 52-week simple moving averages, and the next technical level of interest comes at the 50% retracement of its January to July advance at $0.9080. It would take a sustained move above $0.9200 to negate our bearish bias.

See next currency section: SPX500 - S&P 500 Looks Primed for Gains until this Changes

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

Australian Dollar Breakdown Looks like the Real Deal

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