
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
AUDUSD – The Australian Dollar may continue to trade into fresh lows as extremely one-sided forex trader sentiment points to losses.
Trade Implications – AUDUSD:Our data shows that retail traders have remained long the AUDUSD since it traded below $0.9400 through late July, and continued crowd buying leaves our sentiment-based forecast clear. Our Senior Technical Strategist highlights $0.8750 as a potential reaction point to the downside. We would nonetheless need to see a material shift in trader positioning before buying the Australian Dollar.
See next currency section: NZDUSD - New Zealand Dollar at Risk of Major Breakdown
--- 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