We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Australian Dollar Sees No Relief in Sight

Australian Dollar Sees No Relief in Sight

2013-12-12 16:45:00
David Rodriguez, Head of Business Development
Share:
ssi_aud-usd_body_Picture_19.png, Australian Dollar Sees No Relief in Sight

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

Australian dollarRetail forex trading crowds continue to buy aggressively into Australian Dollar weakness, and our sentiment-based Momentum2 strategy has done well selling into AUDUSD declines and buying into EURAUD strength.

Trade Implications – AUDUSD: The Australian Dollar is currently at its worst consecutive weekly decline since 1986, and it’s obvious that overall momentum is stretched. Yet we see little reason to call for a meaningful reversal.

As long as crowds continue buying Australian Dollar weakness, our sentiment-based trading strategies will continue to sell.

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

ssi_aud-usd_body_Picture_20.png, Australian Dollar Sees No Relief in Sight

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.

DISCLOSURES

News & Analysis at your fingertips.