Skip to Content
News & Analysis at your fingertips.
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 Looks to Test Lows

Australian Dollar Looks to Test Lows

David Rodriguez, Head of Product


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

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.17 as 54% of traders are long. Yesterday the ratio was -1.41; 41% of open positions were long. Long positions are 3.4% higher than yesterday and 16.3% above levels seen last week. Short positions are 37.6% lower than yesterday and 49.1% below levels seen last week. Open interest is 20.6% lower than yesterday and 14.5% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has flipped from net-short to net-long from yesterday and last week. The considerable shift towards crowd buying warns that the Australian Dollar may continue lower.

See next currency section: NZDUSD - New Zealand Dollar Outlook Remains Modestly Positive

--- 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.