FX.co ★ What Are The Major Institutions Trading? | Weekly COT Report (9/3 to 13/3)

The currency with the strongest bullish bias would be the USD, with Institutions adding more long contracts and at the same time also reducing the amount of short contracts that they were holding onto.The currency with the strongest bearish bias would be the NZD and AUD. Institutions are currently holding more shorts and also adding alot more short positions.The best plays this week would be to:1) Short AUDUSD and NZDUSD

AUDUSD came back to test long term descending trendline resistance which is in line with 1st resistance at 0.66566. Price spiked lower and broke ascending counter trendline before a strong rejection. However as long as AUDUSD is holding below longer term descending trendline resistance, price should continue its further drop towards support at 0.64345. Price is holding below 89 EMA as well.