AUD adds new shorts while NZD covers shorts

Good Morning. This is your weekly COT Digest. Speculators added new shorts in AUD this week. NZD led buying on the other side of the tape.

NZD

The book is a crowded short versus the prior 52 weeks. Short covering while still net short, +3.09% of the book. This is a second week of short covering. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.5%.

CAD

This marks a flip from long liquidation last week. Short covering while still net short, +2.78% of the book. The book is a crowded short versus the prior 52 weeks. Spot was little changed from the report date close to the release close, 0.0%.

JPY

Short covering while still net short, +1.0% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -0.1%.

GBP

New longs while still net short, +0.95% of the book.

CHF

Short covering while still net short, +0.65% of the book.

AUD

The heaviest selling of the week: new shorts while still net short, -3.32% of the book. This marks a flip from new longs and short covering last week. Spot was little changed from the report date close to the release close, 0.0%.

Broad USD positioning saw long liquidation with the index moving lower.

AUD posted the largest move with new shorts while still net short.
NZD and CAD both covered shorts, with CAD flipping from last week's flow.
CAD saw spot little changed while NZD saw spot move against the flow.

Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.