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COT 09/02
Tuesday, 02 September 2008 19:38:44 GMT  |  Jamie Saettele, Senior Currency Strategist
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AUD:  The AUD index is at 0, but a closer look into the COT numbers reveals that the decline is probably not finished. 

For one, composte COT is still positive at 3,590.  A deeper negative reading should accompany an important low.  Also, only 48% of commercials are long.  Previous important lows occurred when 65% and 72% of commercials were long.

 

Implications: Bearish

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