Commitments of Traders Report – Week 10 2016 ( ending 11th March)
Once again AUD bulls prevailed! Australian currency has been breaking all records. It soared up to 0.7550, the level not seen in this market since June 2015.
This week, the same pattern continued with even greater pace.
Non-commercial traders added another 9.6K new long positions and dumped 2.6K shorts at the same time. Open interest continues to rise supporting the current uptrend. This is 4th consecutive week of market taking bullish side aggressively. I expect this to continue unless we see any change in bias reported by Commitment of Traders Report.
Once again AUD bulls prevailed! Australian currency has been breaking all records. It soared up to 0.7550, the level not seen in this market since June 2015.
This week, the same pattern continued with even greater pace.
Non-commercial traders added another 9.6K new long positions and dumped 2.6K shorts at the same time. Open interest continues to rise supporting the current uptrend. This is 4th consecutive week of market taking bullish side aggressively. I expect this to continue unless we see any change in bias reported by Commitment of Traders Report.
HumbleTraders