AUDUSD: Investors increase USD net long positions

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Hello Investors !!
Speculators/Investors increased their net long USD positions in the latest week, according to data released on Friday. The value of the net long dollar was $14.17 billion in the week ended June 14.

Calculation for the USD positions is derived from net positions in Australian Dollars , Canadian Dollars, British Pound, Swiss Franc, Euro and Yen

Australian Dollar (Contracts of 100,000 Aussie Dollars )
Net Dollar Long by $2.971 billion

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Comentário
I think rallies at this point will continue to attract sellers as all the fundamentals points to the USD continuing to strengthen. Ultimately this is a market that will continue backing and filling with more of a downward tilt.
Fundamental AnalysisTrend Analysis

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