See a video on why we use the Speculative Sentiment Index as a contrarian indicator in our trading
AUDUSD –The majority of retail forex traders remains long the Australian Dollar versus its US namesake, and a contrarian view of crowd sentiment leaves us steadily in favor of selling into AUD/USD gains. And indeed ‘the crowd’ has remained long since the pair crossed below $0.80 in May. Until we see a material shift towards selling we see little reason to abandon our long-standing bearish bias.
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