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 Remains a Buy until this Changes

Australian Dollar Remains a Buy until this Changes

David Rodriguez, Head of Product


Why and how do we use the SSI in trading? View our video and download the free indicator here

AUDUSD– Our retail FX trader data shows that the majority of traders continue to sell into Australian Dollar gains versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further AUD/USD gains.

It’s worth noting that positions have moderated somewhat since last week; open short positions are down 14 percent while long positions are up 6 percent. Yet we would need to see a more sustained shift in sentiment to call for a meaningful Australian Dollar reversal lower.

See next currency section: NZDUSD - New Zealand Dollar Forecast to Continue Higher

--- Written by David Rodriguez, Quantitative Strategist for

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.