We Mostly Like Selling US Dollar, but When Would that Change?
- Potentially significant turn in Aussie Dollar nonetheless warns of market shift
- Dollar’s next moves critical as it may have bottomed across key counterparts
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Yet our Momentum2 system has most recently bought the USD versus the Australian Dollar, and indeed we see risks of a potentially lasting Dollar turnaround at current levels. See the links above for further detail on the AUDUSD in particular and other pairs.
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--- 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.