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Forex pairs in this Article » AUD/USD
ssi_aud-usd_body_Picture_19.png, Australian Dollar Still Looks like a SellReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

Australian dollar – Retail forex trading crowds remain heavily long the Australian Dollar, and a contrarian view of crowd sentiment leaves us in favor of further AUDUSD weakness.

Trade Implications – AUDUSD: The Australian Dollar recently hit its worst consecutive weekly decline since 1986, and such incredibly one-sided price action leaves clear risk of short-term reversal. Yet we’ll need to see a much larger shift in crowd sentiment before calling for a meaningful Aussie Dollar bounce.

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