Retail Short Position in AUD as Contrarian Indicator

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The Speculative Sentiment Index (SSI) which is a contrarian indicator, shows that the retail short in AUD is much more than the long. That indicates more gain in AUD.

Speculative Sentiment Index


The following chart is a trend of AUD for the next 24 hours.

AUD Trend
There is a Head and Shoulder pattern in 60 minute chart of AUD. Although I do not have much faith in this pattern, a decisive break above will help the SPX tomorrow morning.

AUD projections