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COT Report Reveals AUD Longs At Record High – Price Action Analysis Update

COT Report Reveals AUD Longs At Record High – Price Action Analysis Update

COT Report Reveals AUD Longs At Record High – AUD/USD Price Action Analysis

  • Futures traders at the CME (Chicago Mercantile Exchange) added to the net AUD open long position, by around  13% on the weekly basis, according to the latest COT report (Commitment of Traders) from the CFTC.  
  • This has the Australian Dollar (CME) at a $10.8 billion aggregate position and 103,376 net long contracts for the Non-Commercial – “Large Speculators” group.  AUD long positioning is now at a record/extreme high.
  • The AUD/USD currency pair is now trading above the 1.0500 round number area and a long term descending trend line, but just under the previous resistance zone around 1.0624.  The last time price hit this area the highlighted Pinbar reversal formation gave a bearish price action signal, as we reported here.  
  • We will be monitoring for similar price action confirmation if the so called “Aussie” can hit the resistance zone going forward.
  • Another technical area of note for the Australian/US dollar pair is the highlighted ascending trend line; this is currently loosely aligned with the 1.0500 handle.

audusd 300x165 COT Report Reveals AUD Longs At Record High   Price Action Analysis Update

AUD/USD Price Action Analysis – Daily Chart

cot report forex price action COT Report Reveals AUD Longs At Record High   Price Action Analysis Update

 Click chart to expand.

2 Responses to COT Report Reveals AUD Longs At Record High – Price Action Analysis Update

  1. forex-fx-4x says:

    The Commitments of Traders (COT) reports is released on a Friday and gives a breakdown of Tuesday’s open interest. The COT report is often seen as a way of tracking market sentiment for currencies, commodities and stock indices.

  2. Skip says:

    Very clean chart easy to read. I like it a lot.

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