Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Australian Dollar at Clear Risk of Continued Breakdown

Australian Dollar at Clear Risk of Continued Breakdown

David Rodriguez, Head of Product


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

AUDUSD Retail FX traders remain heavily long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment gives reason to believe the AUDUSD fall further.

Trade Implications – AUDUSD:Our retail FX data shows that there are an impressive 2.8 long positions for every position short the AUDUSD—coming close to extremes not seen since May as the AU$ tested key support at $0.9200. In that instance it set an important short-term low before breaking down in September. And though heavily one-sided positions often occur at major market tops/bottoms, the actual extreme is only clear in hindsight. Until we see a sustained shift in sentiment we’ll continue call for AUDUSD weakness.

See next currency section: NZDUSD - New Zealand Dollar Targets Fresh Lows

--- Written by David Rodriguez, Quantitative Strategist for

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.