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Commitments of Traders. Speculators getting caught on the wrong side in AUD futures
AUD rallied once again. The pair closed the week at the highest level since March 2017. Technicals suggest, the rally should continue towards 0.78 resistance. My long term bias is neutral but I am in a LONG POSITION with target at 0.7800. Seems like speculators getting caught on the wrong side of the market here. Speculators took profits once again. They covered 10K longs and 5.5K shorts. They were 1.5K net short. This is the second week when the speculators are being net short in AUD Futures. The prices have been moving sharply up, against the smart money positioning. USDCAD traded lower on the back of rather ... (full story)