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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Australian Dollar Remains a Sell until this Changes

Australian Dollar Remains a Sell until this Changes

David Rodriguez, Head of Product

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

AUDUSD Our retail FX sentiment data shows that the vast majority of traders remain long the Australian Dollar versus the US Dollar, and a contrarian view of crowd opinion points to further AUD declines.

Trade Implications – AUDUSD:Last week we saw total long positions outnumber those short by over 3 to 1—matching extremes seen through May when AU$ tested key support at $0.9200. One-sided sentiment often coincides with short-term reversals, and indeed the AUDUSD trades modestly higher after setting fresh multi-year lows. Yet 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 Likely Set Important Low versus US Dollar

--- 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.