AXY (Aussie Dollar)

Okay, So very interesting stuff on the AXY and their COT report. Both sides have take major steps back and the pair might not be safe to trade this comming week. Earlier this month the RBA decided to keep the interest rate at .25% and not raising the intrest rates any biasis points. so, as to why both sides have closed positions is unsual. the open interest dropped a lot aswell which tells us that both sides either delievered on contracts or took profit. today is known for monday manipulation, so like i said earlier trading the Aussie might not be a good move, as any big player entering their position might cause big waves in the market and casue big swings. what we do see is that Price got rejected off the major swing point and looks as if it might try to retest it. the Aussie should be a slow pair this week and if any moves take place it might be the bigger players placing orders. As far as me i will not be looking at the Aussie Dollar for anysetups this week. The 5 year bond rate for the Aussie is also not doing too much either to attract investors as its trapped in a support zone waiting to complete a harmonic pattern.

Net Data-


Commercials- Current == 7192 // previous== 43,641

Non-Coms - Current == (6,532) // previous == (36,575)