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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3636-0.0093-0.68%
    USDSGD=X
    1.4714-0.0034-0.23%
    EURSGD=X
    2.0220-0.0136-0.67%
    GBPSGD=X
    87.5925+0.1239+0.14%
    SGDJPY=X
    5.6859+0.0396+0.70%
    SGDHKD=X
    2.7031+0.005+0.18%
    SGDMYR=X
    9,529.5771+13.5625+0.14%
    SGDIDR=X
    4.5447+0.0291+0.65%
    SGDCNY=X
    1.0419-0.0035-0.33%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,201.10+17.90+1.51%
    GCM15.CMX
    16.83+0.24+1.43%
    SIK15.CMX
    67.48+1.99+3.03%
    ^XAU
    2.740.00-0.15%
    HGK15.CMX
    48.02+0.42+0.88%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32-0.05
    ^FVX
    1.86-0.07
    ^TNX
    2.47-0.07
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.188+0.005+2.73%
    A50.SI
    0.2850.0000.00%
    5WA.SI
    0.915-0.005-0.54%
    N21.SI
    0.785+0.020+2.61%
    Y92.SI
    0.415-0.010-2.35%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.19+0.05+35.71%
    5RC.SI
    0.42+0.09+27.27%
    5UL.SI
    0.42+0.07+21.74%
    5DS.SI
    0.152+0.016+11.76%
    K2P.SI
    0.127+0.011+9.48%
    V69.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.029-17.06%
    40B.SI
    0.092-0.013-12.38%
    A18.SI
    0.13-0.02-12.16%
    L10.SI
    0.495-0.055-10.00%
    TI6.SI
    0.112-0.011-8.94%
    B32.SI