AUDUSD 14.7.2018

AUDUSD - COT: Bearish Sentiment // Interest Rate: 1.50% (last change – August 2, 2016)
W1: Downtrend. 4 weeks in consolidation with nice Weekly suply at 0.755568 for shorts
D1: Downtrend, High created, market droped back to the the Demand zone at 0.738
H4: Reaction from Daily demand coul bring the pair back up to the weekly supply in next week
Levels to watch:
Supply: 0.74436, 0.75627, 0.7567
Demand: 0.73393, 0.75012, 0.72464
Market is still under big pressure as the banks are holding massive shorts positions. Commercials agree and they are hedging their positions. Potential retracement for adding more shorts to the weekly supply is here.
Banks closed 5K longs and only 3K Shorts which is rising % of shorts to 70% shorts against 30% longs that is very Bearish market composition.

Retail traders are Bullish.

Komentar:

Pair need to touch weekly demand for the move up