FOREX ANALYSIS: Australian Dollar Targets November Highs

ssi_usd-cad_body_Picture_1.png, FOREX ANALYSIS: Australian Dollar Targets November Highs

AUDUSD – An aggressive build in forex trading crowd selling of the Australian Dollar versus the US Dollar (ticker: USDOLLAR) warns that the AUDUSD may in fact continue higher. We most often use our Speculative Sentiment Index as a contrarian indicator to price action; if most are selling, we prefer to buy.

It will be critical to watch whether the AUDUSD is able to trade above November highs of $1.0490. As it stands we will need to see an important shift in crowd sentiment before advocating selling the Australian Dollar against its US namesake.

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at https://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3416-0.0005-0.04%
    USDSGD=X
    1.5560+0.009+0.58%
    EURSGD=X
    1.9763+0.008+0.41%
    GBPSGD=X
    78.7590-0.5617-0.71%
    SGDJPY=X
    5.7836+0.0021+0.04%
    SGDHKD=X
    2.9277+0.0082+0.28%
    SGDMYR=X
    9,827.6348+54.1113+0.55%
    SGDIDR=X
    4.8244+0.0008+0.02%
    SGDCNY=X
    1.0202-0.0082-0.80%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,300.00+4.20+0.32%
    GCM16.CMX
    17.69+0.01+0.05%
    SIN16.CMX
    90.73-2.12-2.28%
    ^XAU
    2.25-0.02-0.77%
    HGN16.CMX
    45.00+0.22+0.49%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32+0.04
    ^FVX
    1.87+0.05
    ^TNX
    2.72+0.05
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1070.0000.00%
    5I0.SI
    0.44-0.02-4.35%
    N21.SI
    1.290.00+0.39%
    N03.SI
    0.100.00-1.96%
    5DN.SI
    0.134+0.003+2.29%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.187+0.017+10.00%
    A55.SI
    0.765+0.070+10.07%
    5ER.SI
    1.535+0.115+8.10%
    BAI.SI
    0.22+0.02+7.32%
    5UZ.SI
    0.55+0.03+5.77%
    EH5.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.163-0.057-25.91%
    O08.SI
    0.785-0.165-17.37%
    ATL.SI
    0.225-0.045-16.67%
    S46.SI
    0.25-0.03-10.71%
    5PC.SI
    0.174-0.020-10.31%
    P36.SI