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  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/vvbsYTp4Cx https://t.co/o8Z9bsE0W1
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  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD Snubs Hot Q2 CPI as Sydney Lockdown Extends Link: https://www.dailyfx.com/forex/market_alert/2021/07/28/Australian-Dollar-Outlook-AUDUSD-Snubs-Hot-Q2-CPI-as-Sydney-Lockdown-Extends.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.10%, while traders in Wall Street are at opposite extremes with 75.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/GKwSgVlfTy
  • $AUDUSD little changed on an overall mixed Q2 Australian CPI report Headline rates were slightly better-than-expected - 3.8% y/y vs 0.8% seen - 0.8% q/q vs 0.7% seen But, the RBA preferred trimmed mean gauges were as expected - 1.6% y/y - 0.5% q/q Eyes on #Fed next! https://t.co/qIXNi1aURz
  • 🇦🇺 Inflation Rate QoQ (Q2) Actual: 0.8% Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-07-28
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  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/YGwZ0JDBaO
Australian Dollar Downtrend Intact - When is the Next Trade?

Australian Dollar Downtrend Intact - When is the Next Trade?

David Rodriguez, Head of Product
ssi_aud-usd_body_Picture_15.png, Australian Dollar Downtrend Intact - When is the Next Trade?

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AUDUSDRetail forex traders remain steadily long the Australian Dollar, acting as contrarian signal that it may continue lower against its US namesake.

Trade Implications – AUDUSD: We would ideally see bigger sentiment extremes getting aggressively bearish AUDUSD, as only 58% of traders in our sample are currently long. That said, they have mostly bought the Australian Dollar since January and it remains in clear downtrend. We would need to see a major shift before changing our bearish long-term trading bias.

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

ssi_aud-usd_body_Picture_9.png, Australian Dollar Downtrend Intact - When is the Next Trade?

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