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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Brexit Minister Barclay says a deal is still very possible $GBP
  • Heads Up:🇪🇺 EUR Euro-Zone ZEW Survey (Economic Sentiment) (OCT) due at 09:00 GMT (15min), Actual: N/A Expected: N/A Previous: -22.4 https://www.dailyfx.com/economic-calendar#2019-10-15
  • Heads Up:🇪🇺 EUR German ZEW Survey Expectations (OCT) due at 09:00 GMT (15min), Actual: N/A Expected: -26.8 Previous: -22.5 https://www.dailyfx.com/economic-calendar#2019-10-15
  • Heads Up:🇪🇺 EUR German ZEW Survey Current Situation (OCT) due at 09:00 GMT (15min), Actual: N/A Expected: -23.0 Previous: -19.9 https://www.dailyfx.com/economic-calendar#2019-10-15
  • - UK Jobs report Employment Change -56k vs. Exp. 23k Unemployment rate 3.9% vs. Exp. 3.8% $GBP https://t.co/9RlVXGdQkE
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/Tk1vGRPN7x
  • What is a doji morning star candlestick? How can you use it in your #tradingstrategy? Find out from @RichardSnowFX here: https://t.co/w7Y4qj2Qkm https://t.co/GJ7bEWhoSG
  • Heads Up:🇬🇧 GBP BOE Governor Mark Carney Speaks In Parliamentary Testimony due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-10-15
  • Heads Up:🇬🇧 GBP Employment Change 3M/3M (AUG) due at 08:30 GMT (15min), Actual: N/A Expected: 26k Previous: 31k https://www.dailyfx.com/economic-calendar#2019-10-15
  • Heads Up:🇬🇧 GBP ILO Unemployment Rate 3Mths (AUG) due at 08:30 GMT (15min), Actual: N/A Expected: 3.8% Previous: 3.8% https://www.dailyfx.com/economic-calendar#2019-10-15
Australian Dollar Likely to Hit Fresh Lows

Australian Dollar Likely to Hit Fresh Lows

2016-11-21 15:55:00
David Rodriguez, Head of Business Development
Share:
Australian Dollar Likely to Hit Fresh Lows

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

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.10 as 68% of traders are long. Yesterday the ratio was 2.10; 68% of open positions were long. Long positions are 1.6% higher than yesterday and 28.2% above levels seen last week. Short positions are 1.7% higher than yesterday and 7.1% below levels seen last week. Open interest is 1.6% higher than yesterday and 6.3% 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 less net-long from yesterday but further long since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

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

DISCLOSURES

News & Analysis at your fingertips.