Further Australian Dollar Declines Seem Likely
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – AUDUSD: Our purely retail sentiment-based Momentum2 strategy has had mixed results trading the Australian Dollar as of late; it attempted to buy into the AUDUSD bounce off of multi-month lows.
Yet the same strategy is likely to sell once more, and our Senior Technical Strategist favors staying short against important AUDUSD resistance at $0.9542.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.