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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Australian Dollar Rally Hits Potential Inflection Point

Australian Dollar Rally Hits Potential Inflection Point

David Rodriguez, Head of Product
ssi_aud-usd_body_Picture_17.png, Australian Dollar Rally Hits Potential Inflection Point

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

Australian DollarThe Aussie Dollar has surged versus its US namesake, but a surprising shift in forex crowd sentiment suggests it may be near a potential turning point.

Trade Implications – AUDUSD: Total short interest in the AUDUSD recently hit its highest in three years as the pair surged towards key peaks. Yet now that $0.9400 has given way we have actually seen short positions fall nearly 30 percent from their peak. The unusual divergence warns of crowd exhaustion, and indeed we see particular risk of a AUDUSD turn lower.

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

ssi_aud-usd_body_Picture_11.png, Australian Dollar Rally Hits Potential Inflection 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 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