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atkustas
May 10, 2018 2:34 AM

AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

Specs continue to rebuild a modest long position in Aussie Dollar. Dealers long/short is now long 3.5:1. Meanwhile asset managers are net short an astounding 10:1. We've overshot the trendline support and are setting up a MONSTER RIP here. AUDUSD will be a top FX performer through summer and into end of year. As soon as we break back over ~0.76 to confirm the low I'll be adding on the way back up.
Comments
adawhamb
Perfect, you called the trend line backtest.
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