Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
AUDUSD – The Australian Dollar remains in a fairly well-defined downtrend versus the US Dollar, but a recent bounce suggests that losses may slow or trends may even reverse.
Trade Implications – AUDUSD:We’ve remained focused on Australian Dollar losses as heavily one-sided forex trading crowd sentiment has pointed lower. Yet a bigger shift in sentiment and a break above month-to-date highs near $0.9360 would leave us in favor of continued Australian Dollar gains.
See next currency section: SPX500 - S&P 500 Defies Gravity, Looks to Trade Higher
--- 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
