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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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2572-0.0009-0.08%
    USDSGD=X
    1.7390-0.0012-0.07%
    EURSGD=X
    2.1129-0.0009-0.04%
    GBPSGD=X
    81.4111+0.119+0.15%
    SGDJPY=X
    6.1675+0.0048+0.08%
    SGDHKD=X
    2.6030+0.0046+0.18%
    SGDMYR=X
    9,201.4014-54.625-0.59%
    SGDIDR=X
    4.9744+0.0074+0.15%
    SGDCNY=X
    1.1659+0.0006+0.05%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.70+1.10+0.09%
    GCM14.CMX
    19.54-0.15-0.75%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.05%
    HGK14.CMX
    101.97+0.03+0.03%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    0.61-0.005-0.81%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.315+0.084+6.82%
    O9A.SI
    0.13+0.005+4.00%
    I9T.SI
    0.16+0.008+5.26%
    5HH.SI
    0.275+0.010+3.77%
    DM0.SI
    0.305+0.010+3.39%
    5UO.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.10-0.010-9.09%
    CL7.SI
    0.151-0.009-5.63%
    A03.SI
    0.705-0.030-4.08%
    L02.SI
    0.30-0.015-4.76%
    K29.SI
    0.205-0.010-4.65%
    510.SI