Australian Dollar Looks Safe Above Key Support
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – AUDUSD: Last week we noted an important swing from sentiment extremes was a key reason the Aussie Dollar would continue to hold key lows. And indeed, sentiment continues to moderate. Until we see an important build in forex trading crowd buying, we’ll continue to expect the Aussie to hold key lows.
See next currency section: GOLD - Gold Prices Likely to Fall Further
--- 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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.