News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Australian Dollar at Potential Turning Point

Australian Dollar at Potential Turning Point

David Rodriguez, Head of Product
ssi_aud-usd_body_Picture_17.png, Australian Dollar at Potential Turning Point

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

AUDUSDRetail forex traders remain heavily long the Australian Dollar versus its US namesake, and a contrarian view of crowd sentiment leaves us focused on continued weakness.

Trade Implications AUDUSDThe majority of traders most recently turned long AUDUSD as it traded below $0.95, and the fact that crowds continue buying leaves the downtrend intact. Yet our Senior Technical Strategist notes that an AUDUSD close above $0.9160 would complete an important technical reversal pattern. Absent such a move, our trading bias will remain in favor of Aussie Dollar weakness.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_aud-usd_body_Picture_10.png, Australian Dollar at Potential Turning Point

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

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.