Weak Australian Job Growth to Fuel Bearish AUDUSD Outlook
Fading USD Bounces- AUD Remains at Risk for Lower Low
NZDUSD to Breakout on RBNZ Rate Hike Timeline
Forex: US Dollar Technical Analysis Key Range Bottom Broken
Forex: USD/JPY Technical Analysis Candles Hint at Double Top
Forex: EUR/USD Technical Analysis Ready to Turn Lower?
3 Tips For Trading a Daily Chart
Strong & Weak: Pound Sterling Continues to Shine
How to Find USDCAD Entry Levels with Fibonacci Retracements
SSI: Retail FX Traders Continue at their Most Net-Short EURUSD on Record
SSI: Sharp Shift Towards Selling Japanese Yen Bounce
SSI: Crowds At their Most Short Euro on Record
The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.
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Australian dollar – Retail forex traders have bought consistently into Australian Dollar weakness, and our purely retail sentiment-based Momentum2 strategy has done well selling into AUDUSD declines.
Trade Implications – AUDUSD: The system is currently short the Australian Dollar from $0.9007, and our Senior Technical Strategist favors an AUDUSD short position as long as price remains below key resistance at $0.9150. Targets start at multi-year lows near $0.8850.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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