Forex Analysis: Australian Dollar Could Break Lower

ssi_aud-usd_body_Picture_10.png, Forex Analysis: Australian Dollar Could Break Lower

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AUDUSD – An important turn in Australian Dollar trading sentiment suggests that the pair may continue to stall at important highs versus the US Dollar. Retail crowds remain net-short AUDUSD, but short interest has fallen a significant 26% since last week while longs have surged by 43%.

Trade Implications – AUDUSD: One of our sentiment-based trading strategies has most recently gone short AUDUSD from $1.0514, but it will be important to watch whether the pair breaks out of its long-term consolidation pattern before advocating a short position.

--- 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.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3576+0.0027+0.20%
    USDSGD=X
    1.4890-0.0045-0.30%
    EURSGD=X
    1.7763-0.0161-0.90%
    GBPSGD=X
    77.9270-0.394-0.50%
    SGDJPY=X
    5.7077-0.0133-0.23%
    SGDHKD=X
    2.9897-0.0071-0.24%
    SGDMYR=X
    9,684.1836+18.9121+0.20%
    SGDIDR=X
    4.9223-0.0028-0.06%
    SGDCNY=X
    1.0123-0.0029-0.29%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,322.10-8.90-0.67%
    GCQ16.CMX
    19.69-0.12-0.63%
    SIU16.CMX
    104.12+0.38+0.36%
    ^XAU
    2.24-0.02-1.00%
    HGU16.CMX
    44.26-0.49-1.09%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12+0.02
    ^FVX
    1.570.00
    ^TNX
    2.29-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.425-0.035-7.61%
    5TP.SI
    0.37-0.01-3.90%
    5ME.SI
    0.1710.0000.00%
    N21.SI
    0.141+0.001+0.71%
    43E.SI
    0.116+0.002+1.75%
    RE4.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.177+0.047+36.15%
    O08.SI
    0.15+0.02+16.28%
    AZG.SI
    0.15+0.02+15.38%
    5MQ.SI
    0.19+0.02+14.46%
    P36.SI
    0.15+0.02+12.78%
    5G1.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.205-0.090-30.51%
    BCZ.SI
    0.23-0.06-22.03%
    5VI.SI
    0.156-0.044-22.00%
    Y06.SI
    0.35-0.07-16.67%
    BDF.SI
    0.38-0.05-11.63%
    AYV.SI