Australian Dollar Likely Set Important Price Top

By DailyFx | July 10, 2014 AAA

DailyFX.com - Australian Dollar Likely Set Important Price Top

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

AUDUSD The Australian Dollar likely set an important price top at 8-month highs as a noteworthy shift in crowd sentiment favors further AUDUSD declines.

Trade Implications – AUDUSD: Last week we noted that a shift in crowd sentiment left retail FX traders long the AUD as it traded off of key peaks, and indeed that acted as confirmation that the pair may have topped near $0.9500. We’re watching these technical setups for potential trade opportunities going forward.

See next currency section: GOLD - Gold Prices Target Yearly Highs Near $1390

comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. AUD Faces A Potential “Breakout” On US Heavy Event Risk
    Forex News

    AUD Faces A Potential “Breakout” On US Heavy Event Risk

  3. AUD/USD Remains Range-Bound As Dojis Highlight Hesitation
    Forex News

    AUD/USD Remains Range-Bound As Dojis Highlight Hesitation

  4. Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
    Forex News

    Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

  5. AUD/USD Technical Analysis: Still Looking for Direction
    Forex News

    AUD/USD Technical Analysis: Still Looking for Direction

Trading Center