Australian Dollar Forecast Turns Clearly Bearish
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Traders turned net-long the Australian Dollar in dramatic fashion as total open long positions jumped 22 percent, while short positions fell a remarkable 56 percent. Such sharp shifts leave us focused on further AUD downside.
See next currency section:NZDUSD - New Zealand Dollar Trend Turns Lower
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.