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Forex pairs in this Article » AUD/USD
ssi_aud-usd_body_Picture_23.png, Australian Dollar Downtrend Remains IntactReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

Australian dollar – Retail FX traders remain heavily long the Australian Dollar, and a contrarian view of crowd sentiment leaves us in favor of continued weakness.

Trade Implications – AUDUSD: A recent shift in positions actually led our sentiment-based Momentum2 strategy to get long AUDUSD from $0.8901 and short the EURAUD from A$1.5391. Yet a hold below key resistance at $0.9000 would leave our AUD-bearish trading bias intact.

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