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 Bottom May be Forming

Australian Dollar Bottom May be Forming

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.65 as 62% of traders are long. Yesterday the ratio was 1.58; 61% of open positions were long. Long positions are 3.7% higher than yesterday and 0.2% below levels seen last week. Short positions are 1.1% lower than yesterday and 34.1% above levels seen last week. Open interest is 1.9% higher than yesterday and 13.5% above 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 grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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