
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
AUDUSD – The retail forex trading crowd remains extremely long the Australian Dollar versus the US Dollar, and until that changes we see little choice but to call for further AUDUSD weakness.
Trade Implications – AUDUSD:Net AUD positioning is near its most long since the currency set an important intermediate low in May. Heavily one-sided sentiment warns that price may be near an important turn, but as with other US Dollar pairs the trend remains clearly in favor of AUDUSD declines.
See next currency section:NZDUSD - New Zealand Dollar Poised for Continued Declines
--- 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