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Anzo Lim

G10 Currencies Analysis--a Focus on EUR/AUD

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US Commodities and Futures Trading Commission (CFTC) released the latest Commitment of Traders Report released on October 15th, 2019. Data of the report measuring net long and short positions taken by non-commercial traders in major currencies since 2000 shows long position in JPY is at its highest in 3 years. Also, position level at an extreme may indicate a reversing trend in the future.


Since Yen long positions reached a peak in the second quarter in 2018, many investors on the market have started shorting the Euro, though Euro short positions havent reached its historical height. Meanwhile, short positions in the AUD and NZD are getting close to their record level. Therefore, we would suggest investors to closely follow the currency pair EUR/AUD.



EUR/AUD daily pivot points 1.6227---1.6229

S1: 1.6209               R1: 1.6251

S2: 1.6184               R2: 1.6272


Source: WikiFX App


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