FX.co ★ What are the major institutions trading? | Weekly Commitment of Traders (COT) report (16/3 to 23/3)

Summary:

The currency with the strongest bullish bias would be the USD, with Institutions still holding alot more long contracts than the amount of short contracts.The currency with the strongest bearish bias would be the AUD. Institutions are currently holding significantly more shorts.The best plays this week would be to:1) Short AUDUSD

AUDUSD drifting lower. Price action showing bearish pressure below descending trendline resistance and 55 period EMA. Further drop below resistance at 0.63253 towards support at 0.58504 is expected.