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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 at Major Crossroads for Two Reasons

Australian Dollar at Major Crossroads for Two Reasons

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AUDUSD The Australian Dollar is at a potentially significant crossroads, and two key factors suggest a break above $0.9450 would spark a much larger rally.

Trade Implications – AUDUSD: Yesterday we highlighted a major spike in real FX volume as signal that the Aussie was on pace for a major test of key highs, and the pair has thus far failed to break to new peaks. Retail positioning remains near its most net-short AUDUSD since the pair set a number of intermediate peaks over the past three months.

Continued failure at these levels leaves the Aussie set up for a test of major support near $0.9320.

See next currency section: SPX500 - Smooth Sailing Ahead for ‘Unbreakable’ S&P 500

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

Australian Dollar at Major Crossroads for Two Reasons

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