Australian Dollar Outlook Unclear until this Changes

Why and how do we use IG Client Sentiment in trading? See our guide.

AUDUSD: Retail trader data shows 35.6% of traders are net-long with the ratio of traders short to long at 1.81 to 1. In fact, traders have remained net-short since Jan 09 when AUDUSD traded near 0.71893; price has moved 6.5% higher since then. The number of traders net-long is 5.2% lower than yesterday and 20.2% higher from last week, while the number of traders net-short is 12.5% lower than yesterday and 13.1% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUDUSD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current AUDUSD price trend may soon reverse lower despite the fact traders remain net-short.

Australian Dollar Outlook Unclear until this Changes
Australian Dollar Outlook Unclear until this Changes
https://rss.dailyfx.com/feeds/technical_analysis
$inline_image !!! CLICK HERE TO READ MORE !!! Australian Dollar Outlook Unclear until this Changes Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/australian-dollar-outlook-unclear-until-this-changes/