FOREX ANALYSIS: Australian Dollar Forecast Turns Positive

ssi_aud-usd_body_Picture_11.png, FOREX ANALYSIS: Australian Dollar Forecast Turns Positive

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AUDUSD – A sharp shift in retail forex trading sentiment suggests that the US Dollar (ticker: USDOLLAR) may fall further against the resurgent Australian Dollar. Last week we were plainly in favor of AUDUSD weakness as the majority of retail traders remained long. Yet short interest has surged 59 percent while the number of longs fell 32 percent through that stretch—leaving trading crowds net-short once more. We see further risk of short-term AUDUSD strength given the sharp sentiment shift.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2522-0.0002-0.01%
    USDSGD=X
    1.7298-0.0004-0.02%
    EURSGD=X
    2.1036-0.0005-0.02%
    GBPSGD=X
    81.8996+0.1173+0.14%
    SGDJPY=X
    6.19200.000.00%
    SGDHKD=X
    2.5938+0.0083+0.32%
    SGDMYR=X
    9,135.4492+16.5869+0.18%
    SGDIDR=X
    4.9718+0.0014+0.03%
    SGDCNY=X
    1.1683-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.50-7.50-0.58%
    GCQ14.CMX
    19.33-0.26-1.33%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.01+0.20%
    HGK14.CMX
    104.14-0.16-0.15%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.114-0.001-0.87%
    B22.SI
    0.129+0.004+3.20%
    545.SI
    0.615+0.005+0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
    2.20+0.010+0.46%
    JS8.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.26+0.045+20.93%
    5UE.SI
    0.179+0.019+11.88%
    T16.SI
    0.16+0.010+6.67%
    A03.SI
    0.74+0.045+6.47%
    L02.SI
    0.305+0.020+7.02%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.158-0.012-7.06%
    5PF.SI
    0.22-0.015-6.38%
    E94.SI
    0.127-0.008-5.93%
    574.SI
    0.19-0.010-5.00%
    C04.SI
    0.30-0.015-4.76%
    O08.SI