Here is a chart of historical positioning on AUD/USD from Oanda. It shows that all the while AUD/USD was dropping traders were net long consistently above 65%. A shift from extreme long positioning has only occurred very recently and coincides with price gains. Positioning is still net long at 52% but I interpret the lack of extreme to suggest that good moves in either direction can be expected with an increasing bias long as traders reduce there long positions.
BTC Return This Year:
12.8%